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OECD employment rate stable at 65.0% in third quarter of 2012, 1.5 percentage points below its pre-crisis level

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22/012013 -  The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.0% in the third quarter of 2012, unchanged from the previous quarter and 0.2 percentage points higher than one year ago.

The Euro area employment rate, at 63.8%, was also unchanged from the previous quarter but 0.4 percentage points lower than one year ago. The employment rate was stable in the United States (at 67.1%, after having increased for four consecutive quarters) and rose in Japan (by 0.3 percentage points to 70.7%) after two quarters of stability. In contrast, the employment rate for Canada fell (by 0.2 percentage points to 72.1%) after two consecutive quarters of increase.