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Little change in euro zone unemployment in November

Unemployment in the euro zone was stable in November, according to the OECD
Unemployment in the euro zone was stable in November, according to the OECD

Ireland was one of only two countries to record a fall in unemployment in November of last year, according to the Organisation for Economic Cooperation.

The country’s unemployment rate fell by 0.2 percentage points to 10.7% during the month, with unemployment in Slovakia also falling by 0.2 percentage points to 12.6% in November.

Most of the remaining countries using the Euro reported stable unemployment levels, according to the OECD, bar Portugal, which saw its rate rise by 0.3 percentage points to 13.9%.

This left the unemployment rate in the Euro area as a whole stable at 11.5%.

Elsewhere in the world, unemployment rose slightly in both Canada and the United states, both up 0.1 percentage points to 6.6% and 5.8% respectively.

Japan’s unemployment rate held steady in November at 3.5%.

The OECD figures also cover youth unemployment, which stood at 23.7% in November in the euro zone as a whole, down 0.1 percentage points on October.

Ireland’s rate was down 0.3 percentage points to 21.8%; compared to a rate of 53.% in Spain, 43.9% in Italy and 34.5% in Portugal.