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OECD in Q4 2013 – employment rate increased to 65.3%

The OECD area employment rate – defined as the share of people of working-age who are in employment – increased by 0.1 percentage point (to 65.3%) in the fourth quarter of 2013. This was the third consecutive quarterly increase, but the level is still 1.2 percentage points below the one recorded in the second quarter of 2008, the quarter preceding the start of the global financial crisis.

In the Euro area, the employment rate rose by 0.1 percentage point to 63.6%, having been stable over the three previous quarters. The employment rate also increased in Japan (up 0.4 percentage point to 72.2%, the seventh consecutive quarter of increase), and in the United Kingdom (up 0.3 percentage point to 71.2%), while it was stable in the United States (at 67.4%) and in Canada (at 72.4%).

Chosen excerpts by Job Market Monitor. Read the whole story at Labour statistics – OECD.

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