Social challenges

Employment rate edges up in Q2 2021

21/10/2021 PNG

The employment rate, defined as the percentage share of the working-age population with jobs, edged up from 66.9% in Q1 to 67.4% in Q2 2021 across the OECD area, with four-fifths of countries reporting increases.

The US, Euro area and Japan all saw increases in employment rates to 68.9%, 67.6% and 77.7%, respectively. This was at broadly the same pace for women (from 59.6% to 60.1%) and for men (from 74.3% to 74.7%), while 15-to-24 year-olds saw the biggest jump, from 39.9% to 40.8%, compared to other age groups.

The broad rise in employment in the second quarter suggests a continued overall recovery towards pre-pandemic rates. However, methodological differences to the EU Labour Force Survey from Q1 2021 and differences in the official employment status of furloughed workers in Canada and the United States compared to European member states makes meaningful comparisons more challenging.

See also: Employment rate