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Unemployment in OECD countries will remain high through 2014, with young people and the low-skilled hit hardest, according to a new OECD report.
The OECD Employment Outlook 2013 looks at labour markets in the wake of the crisis. It also includes chapters employment protection legislation; benefit systems, employment and training programmes and re-employment earnings and skills afer job loss.
The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.1% in the first quarter of 2013, unchanged from the previous quarter, and 0.2 percentage point higher than one year ago. This was still 1.4 percentage points below the level recorded in the second quarter of 2008, the quarter preceding the start of the global financial crisis.
More than five years on from the financial crisis, joblessness among young people remains alarmingly high in many OECD countries. The issue will be on the agenda of G20 labour ministers when they meet in Moscow.
The OECD and the International Labour Organisation (ILO) will publish updated G20 labour market data on Wednesday 17 July 2013 ahead of the G20 Labour and Employment Ministers meeting in Moscow.
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This report has been prepared by the OECD at the request of the G20 Task Force on Employment. The report benefited from discussion and information contributed by all G20 countries.
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Statistical update for the Meeting of G20 Labour and Employment Ministers, Moscow, 18-19 July 2013
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This report has been prepared by the ILO and OECD at the request of the G20 Task Force on Employment co-chaired by Mr. Aleksey Vovchenko (russian Federation) and Ms. Mararet Kidd (Australia).
The OECD, in collaboration with the ILO, has prepared a series of reports to support the Ministers’ discussions at the G20 Labour and Employment Ministerial meeting in Russia
The OECD unemployment rate was stable at 8.0% in April 2013, unchanged from the previous month.