The Organization for Economic Cooperation and Development (OECD) released its unemployment rate figures on Wednesday. The OECD unemployment rate declined to 6.5% in January from 6.6% in December.

The unemployment rate in Eurozone was down by 0.1% to 10.3% in January.

The U.S. unemployment rate fell by 0.1% to 4.9% in January.

39.9 million people were unemployed in the OECD area in January.

The youth unemployment fell to 13.3% in January from 13.6 in December. The highest youth unemployment was in Spain with 45.0%, followed by Italy with 39.3% and Portugal with 29.9%.