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Employment situation, second quarter 2014, OECD

 

OECD employment rate stable at 65.6% in second quarter of 2014 

 

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14/10/2014 - The OECD area employment rate – defined as the share of people of working-age who are in employment – was stable at 65.6% in the second quarter of 2014, after four consecutive quarterly increases. This brings the OECD employment rate to a level that is 0.5 percentage point higher than one recorded year before, but still 1.0 percentage point below its level in the second quarter of 2008.

The employment rate was also stable in the Euro area (at 63.8%) in the second quarter of 2014, after having increased during the two previous quarters. The employment rate rose in Japan (up 0.2 percentage point to 72.6%, the ninth consecutive quarter of increase), the United Kingdom (up 0.4 percentage point to 72.1%, the fifth consecutive quarter of increase) and the United States (up 0.2 percentage point to 68.0%), while it decreased in Canada (down 0.1 percentage point to 72.2%), Korea (down 0.3 percentage point to 65.1%) and Mexico (down 0.4 percentage point to 60.4%).

Compared with the second quarter of 2013, the employment rate increased in 25 OECD countries, with the largest annual gains observed in Hungary (up 3.4 percentage points to 61.7%), Portugal (up 2.3 percentage points to 62.4%) and New Zealand (up 1.7 percentage points to 74.4%, in spite of a slight decrease in the last quarter).

The OECD employment rate for youth increased by 0.1 percentage point to 39.7% in the second quarter of 2014, its highest level since the second quarter of 2009. This is the second consecutive quarter of increase for this age group, after 3 quarters of stability. Compared with one year ago, the employment rate for workers aged 55-64 increased by 1.1 percentage point, to 57.3%. Finally, the OECD employment rates for women (57.8%) and men (73.5%) were stable in the second quarter of 2014 while increasing by, respectively, 0.5 and 0.4 percentage point compared with one year ago.

Employment rates
Employment as a percentage of
the working-age population

Change in OECD employment rates
Percentage points

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Link to underlying data  - Source: Quarterly Labour Market Statistics, OECD

 

  

 

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Next publication date:  January 2015

 
 

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Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.

 
 

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More information on labour statistics at www.oecd.org/std/labour
 

 

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