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The OECD area employment rate - defined as the proportion of people of working age (those aged 15 to 64) who are employed - was 64.9% in the first quarter of 2012.
The OECD area unemployment rate was unchanged at 7.9% in May 2012 compared with the previous month. While the rate has hovered around this level since January 2011, it remains 2.1 percentage points higher than the level recorded four years earlier.
Composite leading indicators (CLIs) point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies.
Real GDP growth in the OECD area increased by 0.4% in the first quarter of 2012, compared with 0.3% growth in the previous quarter.
Annual inflation in the OECD area slowed to 2.1% in the year to May 2012, compared with 2.5% in the year to April 2012 – the lowest rate since January 2011.
Unit labour costs (ULCs) in the OECD area rose by 0.3 % in the first quarter of 2012, the same rate as in the previous quarter, according to early estimates. This reflects increased labour compensation per unit of labour input and unchanged labour productivity.
Quarterly Gross Domestic Product (GDP) in the G20 area grew 0.8% in the first quarter of 2012 compared with 0.7% in the fourth quarter of 2011, according to preliminary estimates. This small pick-up in aggregate G20 GDP growth still masks diverging patterns among the world's largest economies however.
The OECD area unemployment rate was unchanged at 7.9% in April 2012, around the same rate observed since January 2011, but 2.3 percentage points higher than the level recorded four years earlier. Differences in unemployment rates across OECD countries remain large.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend continue to point to divergence between economies.
Entrepreneurship at a Glance presents an original collection of indicators for measuring the state of entrepreneurship along with explanations of the policy context and interpretation of the data.