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Slovak jobless rate 3rd highest in OECD

THE AUGUST unemployment rate in Slovakia reached 11.6 percent and was the third highest within states belonging to the Organisation for Economic Cooperation and Development (OECD).

THE AUGUST unemployment rate in Slovakia reached 11.6 percent and was the third highest within states belonging to the Organisation for Economic Cooperation and Development (OECD).

The average unemployment rate in the OECD countries was 8.5 percent in August, up 0.1 points from July. Compared with August 2008, it had increased by 0.3 percentage points, the SITA newswire reported.

Only Spain (18.9 percent) and Ireland (12.5 percent) had higher unemployment rates than Slovakia. Unemployment in Slovakia jumped by 0.2 percentage points in August and was 1.7 percentage points higher than August 2008. The OECD report showed overall unemployment in the eurozone at 9.6 percent; up 0.1 percent on a monthly basis and 2 percent year-on-year.


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