OECD employment rate at 65.3% in fourth quarter of 2013
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15/04/2014 - The OECD area employment rate – defined as the share of people of working-age who are in employment – increased by 0.1 percentage point (to 65.3%) in the fourth quarter of 2013. This was the third consecutive quarterly increase, but the level is still 1.2 percentage points below the one recorded in the second quarter of 2008, the quarter preceding the start of the global financial crisis.
In the Euro area, the employment rate rose by 0.1 percentage point to 63.6%, having been stable over the three previous quarters. The employment rate also increased in Japan (up 0.4 percentage point to 72.2%, the seventh consecutive quarter of increase), and in the United Kingdom (up 0.3 percentage point to 71.2%), while it was stable in the United States (at 67.4%) and in Canada (at 72.4%).
Compared with the fourth quarter of 2012, the highest annual increases were observed in Ireland (up 2.1 percentage points to 61.3%), Hungary (up 1.9 percentage points to 59.4%) and New Zealand (up 2.6 percentage points to 73.8%), the highest decreases in Greece (down 1.3 percentage points to 49.1%), Italy (down 0.9 percentage point to 55.5%), the Netherlands (down 0.9 percentage point to 74.0%) and Slovenia (down 0.9 percentage point to 63.2%).
The employment rate of older workers (aged 55-64) in the OECD area continued to increase, by 0.2 percentage point (to 56.7%), in the fourth quarter of 2013, compared with the previous quarter, while the employment rate rose by 0.1 percentage point for youth (to 39.4%) and people aged 25-54 (to 75.7%). In the Euro area, the increase in the total employment rate was mainly due to a rise in the older workers’ employment rate (by 0.4 percentage point to 50.7%), while the employment rate of youth decreased by 0.2 percentage point (to 31.1%). On the other hand, in the United States, a rise in the youth employment rate (by 0.5 percentage point to 47.0%) compensated a 0.3 percentage point decrease in the older workers’ employment rate (to 60.6%). In Japan, the employment rate increased for all age groups, but to a lesser extent for youth (up 0.2 percentage point to 40.0%) than for people aged 25-54 (up 0.4 percentage point to 81.8%) and for older workers (up 0.5 percentage point to 67.5%).
Employment as a percentage of
the working-age population
Change in OECD employment rates
Q3-2013 to Q4-2013
Link to underlying data - Source: Quarterly Labour Market Statistics, OECD