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OECD employment rate at 65.0% in second quarter 2012, 1.5 percentage points below pre-crisis level

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16/10/2012 -  The OECD area employment rate – defined as the proportion of people of working-age who are employed – was 65.0% in the second quarter of 2012. This figure is 0.1 percentage point higher than in the previous quarter and 0.2 percentage point higher than one year ago.

There are significant divergences in the evolution of employment rate across OECD countries. In the second quarter of 2012, the employment rate was stable in the United States (at 67.0%), after increasing for 3 consecutive quarters and it rose in Canada (by 0.3 percentage point to 72.3%) for the second consecutive quarter. By contrast, the employment rate fell in the Euro area (by 0.2 percentage point to 63.8%), the fourth consecutive quarter of decline.