Paris, 14 October 2014
OECD Quarterly Employment Situation News Release: 2
ndQuarter 2014
1
OECD employment rate stable at 65.6% in second quarter of 2014
The OECD area employment rate – defined as the share of people of working-age who are in employment – was stable at 65.6% in the second quarter of 2014, after four consecutive quarterly increases. This brings the OECD employment rate to a level that is 0.5 percentage point higher than one recorded year before, but still 1.0 percentage point below its level in the second quarter of 2008.
The employment rate was also stable in the Euro area (at 63.8%) in the second quarter of 2014, after having increased during the two previous quarters. The employment rate rose in Japan (up 0.2 percentage point to 72.6%, the ninth consecutive quarter of increase), the United Kingdom (up 0.4 percentage point to 72.1%, the fifth consecutive quarter of increase) and the United States (up 0.2 percentage point to 68.0%), while it decreased in Canada (down 0.1 percentage point to 72.2%), Korea (down 0.3 percentage point to 65.1%) and Mexico (down 0.4 percentage point to 60.4%).
Compared with the second quarter of 2013, the employment rate increased in 25 OECD countries, with the largest annual gains observed in Hungary (up 3.4 percentage points to 61.7%), Portugal (up 2.3 percentage points to 62.4%) and New Zealand (up 1.7 percentage points to 74.4%, in spite of a slight decrease in the last quarter).
The OECD employment rate for youth increased by 0.1 percentage point to 39.7% in the second quarter of 2014, its highest level since the second quarter of 2009. This is the second consecutive quarter of increase for this age group, after 3 quarters of stability. Compared with one year ago, the employment rate for workers aged 55-64 increased by 1.1 percentage point, to 57.3%. Finally, the OECD employment rates for women (57.8%) and men (73.5%) were stable in the second quarter of 2014 while increasing by, respectively, 0.5 and 0.4 percentage point compared with one year ago.
Methodological Notes: http://www.oecd.org/std/labourstatistics/50273955.pdf All rates and levels quoted are seasonally adjusted (s.a.).
New Quarterly Labour Market Statistics: http://stats.oecd.org/Index.aspx?DataSetCode=STLABOUR
Country Note: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Contacts: For further information readers are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or e-mail [email protected]
For technical questions contact [email protected] Next release: January 2015
63 65 67 69 71 73
Employment rates
Employment as a percentage of the working- age population
OECD - Total Euro area Japan
United States Canada
* Note: statistical breaks in Q1-2011 and Q3-2011
0.0 0.2 0.4 0.6 0.8 1.0 1.2
All persons Women Men Youth Prime-age workers Older
workers
Change in employment rates Percentage points
Q2 2013 to Q2 2014 Q1 2014 to Q2 2014
Paris, 14 October 2014
OECD Quarterly Employment Situation News Release: 2
ndQuarter 2014
2
Table 1: OECD employment rates and levels (15-64)
Employment as a percentage of corresponding working age population and levels, seasonally adjusted
Employment rates Levels
2010 2011 2012 2013 2008 2013 2014 Thousands
Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q2 - 2014
OECD - Total 64.5 64.8 65.0 65.2 66.6 65.0 65.1 65.2 65.4 65.6 65.6 536,828 Major Seven 67.3 67.5 67.7 68.1 69.6 67.9 68.0 68.1 68.2 68.5 68.6 328,432 European Union 64.0 64.2 64.1 64.1 65.8 63.9 64.0 64.2 64.3 64.6 64.8 213,465 Euro area 64.1 64.3 63.8 63.6 65.9 63.5 63.5 63.5 63.6 63.8 63.8 138,379
Australia 72.4 72.7 72.4 72.0 73.3 72.3 72.2 71.9 71.7 71.6 71.7 11,161 Austria 71.7 72.1 72.5 72.3 72.3 72.1 72.4 72.4 72.4 72.5 72.8 4,132 Belgium 62.0 61.9 61.8 61.8 62.2 61.5 62.0 62.2 61.5 61.8 61.9 4,491 Canada 71.5 72.0 72.2 72.5 73.7 72.6 72.6 72.4 72.4 72.3 72.2 17,135 Chile 59.3 61.3 61.8 62.3 57.2 62.2 62.3 62.3 62.5 62.2 62.2 7,382 Czech Republic 65.0 65.7 66.6 67.7 66.6 67.2 67.7 67.9 68.1 68.4 68.7 4,867 Denmark 73.4 73.2 72.6 72.6 78.1 72.7 72.7 72.4 72.4 72.0 72.4 2,628 Estonia 61.3 65.3 67.2 68.5 70.0 67.9 69.2 68.5 68.1 67.8 69.4 599 Finland 68.2 69.0 69.4 68.9 71.2 68.9 69.1 68.8 68.6 68.8 68.9 2,389 France1 63.9 63.9 63.9 64.2 64.8 64.0 64.1 64.2 64.3 64.4 64.3 25,539 Germany 71.1 72.5 72.8 73.3 69.8 73.0 73.3 73.4 73.5 73.4 73.4 39,662 Greece 59.1 55.1 50.8 48.8 61.6 49.1 48.8 48.7 48.6 49.0 49.2 3,466 Hungary 55.4 55.8 57.2 58.5 56.5 57.4 58.3 58.7 59.4 61.7 61.7 4,095 Iceland 78.2 78.5 79.7 81.1 84.4 80.1 80.8 81.7 81.7 80.9 82.2 167 Ireland 59.7 58.9 58.9 60.5 68.3 59.7 60.2 60.7 61.1 61.2 61.4 1,854 Israel 60.2 60.9 66.5 67.1 59.9 66.9 66.8 67.3 67.2 67.9 67.7 3,389 Italy 56.9 57.0 56.8 55.6 58.8 56.0 55.5 55.5 55.6 55.6 55.6 21,907 Japan 70.6 71.1 70.6 71.7 70.9 71.3 71.5 71.8 72.2 72.4 72.6 56,720 Korea 63.3 63.8 64.2 64.4 63.9 64.0 64.3 64.6 64.9 65.4 65.1 23,490 Luxembourg 65.2 64.6 65.9 65.7 64.3 65.5 65.7 65.7 65.9 66.6 66.9 244 Mexico 59.7 60.0 60.9 60.8 61.2 60.5 61.0 60.7 61.3 60.8 60.4 46,817 Netherlands 74.7 74.9 75.1 74.3 77.1 74.7 74.4 74.1 74.0 73.7 73.6 8,092 New Zealand 72.3 72.6 72.2 73.1 75.0 72.6 72.7 73.3 73.8 74.5 74.4 2,200 Norway 75.3 75.3 75.8 75.4 78.1 75.5 75.3 75.4 75.3 75.2 75.4 2,540 Poland 59.0 59.3 59.7 60.0 59.0 59.6 59.9 60.2 60.5 61.0 61.4 15,527 Portugal 65.3 63.8 61.4 60.6 68.3 59.8 60.1 60.9 61.6 62.0 62.4 4,251 Slovak Republic 58.8 59.3 59.7 59.9 61.9 60.0 59.8 59.8 59.9 60.4 60.6 2,338 Slovenia 66.2 64.4 64.1 63.3 68.1 63.3 62.9 63.7 63.2 63.4 64.3 903 Spain 58.9 58.0 55.8 54.8 65.1 54.8 54.6 54.7 55.1 55.3 55.8 17,168 Sweden 72.2 73.6 73.8 74.4 74.4 74.2 74.2 74.5 74.7 74.6 74.7 4,579 Switzerland 78.6 79.4 79.4 79.6 79.5 79.4 79.4 79.3 80.2 79.0 79.7 4,351 Turkey 46.3 48.4 48.9 49.5 45.1 49.8 49.7 49.2 49.3 50.0 49.7 25,277 United Kingdom 69.5 69.5 70.1 70.8 71.8 70.4 70.5 70.9 71.2 71.7 72.1 29,429 United States 66.7 66.6 67.1 67.4 71.2 67.2 67.3 67.4 67.4 67.8 68.0 138,040
1Statistical break in Q4-2012 for France, following the introduction of a revised labour force survey questionnaire (from 1 January 2013 onwards). European Union and Euro area aggregates are also affected, and, to a lesser extent OECD-Total and Major seven aggregates.
Paris, 14 October 2014
OECD Quarterly Employment Situation News Release: 2
ndQuarter 2014
3
Table 2: OECD employment rates (15-64) by gender
Employment as a percentage of corresponding working age population, seasonally adjusted
Women Men
2013 2013 2014 2013 2013 2014
Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2
OECD - Total 57.4 57.3 57.5 57.6 57.8 57.8 73.1 73.1 73.0 73.2 73.5 73.5 Major Seven 62.3 62.2 62.4 62.5 62.7 62.9 73.9 73.9 73.9 74.0 74.3 74.4 European Union 58.8 58.7 58.9 59.1 59.3 59.5 69.4 69.4 69.5 69.6 69.9 70.0 Euro area 58.3 58.1 58.4 58.4 58.6 58.7 68.8 68.8 68.8 68.9 68.9 69.0
Australia 66.4 66.6 66.3 66.2 66.0 66.2 77.6 77.8 77.5 77.2 77.2 77.2 Austria 67.6 67.6 67.7 67.7 67.9 68.4 77.1 77.2 77.1 77.2 77.2 77.1 Belgium 57.2 56.8 58.2 57.0 57.3 58.1 66.4 67.1 66.2 65.9 66.2 65.6 Canada 69.6 69.6 69.6 69.5 69.3 69.3 75.4 75.5 75.3 75.3 75.4 75.1 Chile 51.0 51.0 50.9 51.2 51.5 51.4 73.8 73.6 73.8 73.8 72.8 73.1 Czech Republic 59.6 59.5 59.7 60.0 60.2 60.2 75.7 75.7 75.8 76.0 76.5 76.9 Denmark 70.1 70.2 70.4 69.8 69.0 69.2 75.0 75.2 74.3 74.9 74.9 75.6 Estonia 65.7 66.0 65.5 66.0 64.3 65.2 71.4 72.6 71.6 70.4 71.4 73.6 Finland 67.8 67.9 67.7 67.7 67.7 68.1 69.9 70.3 70.0 69.6 69.8 69.6 France1 60.5 60.3 60.6 60.8 61.1 61.0 67.9 67.9 68.0 67.9 67.7 67.7 Germany 68.8 68.6 69.1 69.1 68.9 69.2 77.7 77.9 77.7 77.8 77.8 77.5 Greece 39.9 39.9 39.8 39.7 40.4 40.7 57.9 57.9 57.8 57.7 57.8 57.8 Hungary 52.8 52.4 52.8 53.7 55.4 55.8 64.3 64.3 64.8 65.3 68.1 67.7 Iceland 79.0 78.5 79.8 79.6 77.8 79.3 83.2 83.0 83.5 83.8 83.9 85.1 Ireland 55.9 55.7 56.2 56.2 56.3 56.3 65.1 64.7 65.3 66.2 66.3 66.6 Israel 63.0 62.9 63.3 63.0 64.3 64.1 71.2 70.7 71.4 71.5 71.6 71.5 Italy 46.5 46.4 46.5 46.5 46.6 46.5 64.8 64.7 64.5 64.7 64.6 64.7 Japan 62.5 62.2 62.5 63.2 63.2 63.4 80.8 80.8 80.9 81.1 81.5 81.6 Korea 53.9 53.8 54.1 54.4 54.9 54.7 74.9 74.8 75.0 75.4 75.8 75.4 Luxembourg 59.1 59.9 58.3 58.9 61.3 60.4 72.2 71.4 72.9 72.7 71.7 73.3 Mexico 45.0 45.2 44.9 45.3 44.8 44.4 78.3 78.3 77.9 78.7 78.5 77.9 Netherlands 69.9 70.0 69.8 69.6 68.9 68.7 78.7 78.7 78.3 78.4 78.6 78.4 New Zealand 67.9 67.5 68.0 68.5 69.4 68.6 78.5 78.1 78.7 79.3 79.8 80.3 Norway 73.5 73.3 73.5 73.5 73.2 73.6 77.3 77.3 77.2 77.1 77.1 77.1 Poland 53.4 53.2 53.6 54.0 54.6 54.9 66.6 66.5 66.7 66.9 67.4 67.8 Portugal 57.9 57.3 58.3 58.9 59.2 59.3 63.5 63.2 63.7 64.4 64.9 65.8 Slovak Republic 53.3 53.2 53.4 53.7 54.1 54.2 66.4 66.4 66.3 66.1 66.6 67.0 Slovenia 59.2 58.9 59.5 59.2 59.7 60.5 67.1 66.6 67.5 67.0 66.8 68.0 Spain 50.3 50.1 50.2 50.6 50.9 51.1 59.2 59.1 59.1 59.6 59.7 60.5 Sweden 72.5 72.3 72.4 72.9 72.7 72.9 76.3 76.1 76.6 76.5 76.4 76.5 Switzerland 74.4 74.2 74.1 75.1 74.1 75.1 84.7 84.4 84.5 85.2 83.9 84.2 Turkey 29.7 29.8 29.5 29.5 29.5 29.3 69.5 69.7 69.0 69.2 70.4 70.0 United Kingdom 65.9 65.8 65.9 66.3 66.7 67.0 75.6 75.3 75.9 76.1 76.7 77.1 United States 62.3 62.3 62.6 62.4 62.9 63.0 72.6 72.5 72.4 72.6 72.9 73.3
1Statistical break in Q4-2012 for France, following the introduction of a revised labour force survey questionnaire (from 1 January 2013 onwards). European Union and Euro area aggregates are also affected, and, to a lesser extent OECD-Total and Major seven aggregates.
Paris, 14 October 2014
OECD Quarterly Employment Situation News Release: 2
ndQuarter 2014
4
Table 3: OECD employment rates by age
Employment as a percentage of corresponding working age population, seasonally adjusted
Youth (15-24) Prime-age workers (25-54) Older workers (55-64)
2013 2014 2013 2014 2013 2014
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
OECD - Total 39.3 39.3 39.6 39.7 75.6 75.8 75.9 75.9 56.5 56.7 56.9 57.3 Major Seven 42.3 42.6 42.6 42.9 78.1 78.2 78.4 78.5 59.6 59.8 60.2 60.6 European Union 32.3 32.3 32.4 32.5 76.8 76.9 77.2 77.4 50.5 50.9 51.4 51.6 Euro area 31.2 31.1 31.0 30.8 75.8 75.8 76.0 76.0 50.4 50.7 51.2 51.7
Australia 58.7 58.0 57.8 57.7 79.0 78.9 79.0 79.0 61.1 61.1 61.0 61.5 Austria 53.8 53.5 53.6 54.0 85.0 84.8 85.0 85.0 45.1 46.0 45.9 47.3 Belgium 24.1 22.5 22.4 22.6 79.2 78.8 79.5 79.1 42.8 41.8 41.1 43.8 Canada 55.0 54.8 54.9 55.2 81.5 81.5 81.4 80.9 60.4 60.2 60.4 60.9 Chile 30.3 30.4 30.3 29.9 75.3 75.2 74.8 75.0 63.6 65.0 64.7 64.4 Czech Republic 25.5 25.6 26.3 26.8 83.5 83.7 83.6 83.6 52.0 52.5 52.9 53.6 Denmark 53.2 53.2 52.2 51.6 81.9 81.7 81.2 82.2 62.4 62.0 61.9 62.9 Estonia 32.5 31.6 32.3 30.4 80.0 81.1 80.3 81.2 61.7 61.2 59.6 63.5 Finland 40.9 42.0 41.3 41.6 80.8 80.5 80.6 80.7 58.9 58.6 59.1 59.1 France 28.4 28.8 28.8 28.7 80.8 80.9 80.6 80.6 45.7 45.8 46.3 46.8 Germany 46.7 46.6 46.0 45.6 83.3 83.2 83.3 83.3 63.9 64.4 65.0 65.3 Greece 11.9 12.2 12.2 13.4 61.1 61.1 61.7 62.0 35.8 35.0 35.0 33.9 Hungary 20.1 20.6 23.3 23.4 75.8 76.7 78.5 78.4 38.7 39.4 40.8 41.5 Iceland 70.0 71.6 70.4 70.9 85.2 84.8 83.9 85.5 81.3 81.3 82.2 84.5 Ireland 29.1 28.8 28.2 27.6 71.3 72.1 72.0 72.1 51.4 52.9 52.5 52.3 Israel 77.3 77.3 78.3 78.1 63.6 64.5 66.0 64.9 Italy 16.3 15.5 15.1 15.7 68.2 68.1 67.8 67.7 43.3 44.1 45.1 45.8 Japan 39.8 40.0 40.3 40.0 81.4 81.8 81.9 82.0 67.0 67.6 68.1 68.5 Korea 24.1 24.8 25.5 25.3 75.2 75.4 75.8 75.5 64.7 65.0 65.6 65.5 Luxembourg 20.7 23.9 25.1 22.1 83.8 82.6 83.2 83.5 39.1 39.4 40.4 42.7 Mexico 41.7 42.0 42.0 41.4 70.5 71.0 70.5 70.0 54.9 55.7 55.0 54.9 Netherlands 61.9 61.7 60.9 60.6 82.0 81.9 81.9 81.7 60.4 60.7 60.0 60.5 New Zealand 49.8 51.3 52.1 52.3 81.3 81.6 81.9 81.7 74.1 74.8 76.1 76.0 Norway 51.5 50.9 50.2 50.3 84.3 84.1 83.9 84.4 71.4 70.8 71.5 71.6 Poland 24.1 24.3 25.6 26.2 77.2 77.4 77.8 77.9 40.8 41.5 41.8 42.1 Portugal 22.6 22.4 21.8 21.1 74.8 75.8 76.3 77.4 47.3 47.8 47.5 47.8 Slovak Republic 20.5 19.9 20.9 21.2 75.8 76.1 76.8 76.7 44.1 43.9 43.0 44.0 Slovenia 26.9 25.6 25.7 27.3 82.3 81.9 82.0 82.2 33.7 33.8 33.8 36.1 Spain 16.6 16.8 16.7 16.7 65.7 66.2 66.5 67.2 43.6 43.7 43.5 43.9 Sweden 42.0 42.5 42.5 42.2 85.4 85.3 85.2 85.2 73.7 74.2 73.9 74.3 Switzerland 61.0 62.9 60.5 61.0 86.3 87.0 86.1 86.9 71.6 71.8 71.1 71.2 Turkey 32.7 31.0 34.5 34.3 58.9 59.1 59.0 58.8 31.2 31.3 31.0 31.5 United Kingdom 46.6 47.1 47.6 48.6 80.9 81.2 81.9 82.1 60.2 60.6 60.9 60.9 United States 46.5 46.9 46.9 47.4 76.0 76.0 76.4 76.5 60.9 60.6 60.9 61.3
