Paris, 15 April 2014

OECD Quarterly Employment Situation News Release: 4th Quarter 2013

1

OECD employment rate at 65.3% in fourth quarter of 2013

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%).

Compared with the fourth quarter of 2012, the highest annual increases were observed in Ireland (up 2.1 percentage points to 61.3%), Hungary (up 1.9 percentage points to 59.4%) and New Zealand (up 2.6 percentage points to 73.8%), the highest decreases in Greece (down 1.3 percentage points to 49.1%), Italy (down 0.9 percentage point to 55.5%), the Netherlands (down 0.9 percentage point to 74.0%) and Slovenia (down 0.9 percentage point to 63.2%).

The employment rate of older workers (aged 55-64) in the OECD area continued to increase, by 0.2 percentage point (to 56.7%), in the fourth quarter of 2013, compared with the previous quarter, while the employment rate rose by 0.1 percentage point for youth (to 39.4%) and people aged 25-54 (to 75.7%). In the Euro area, the increase in the total employment rate was mainly due to a rise in the older workers’ employment rate (by 0.4 percentage point to 50.7%), while the employment rate of youth decreased by 0.2 percentage point (to 31.1%). On the other hand, in the United States, a rise in the youth employment rate (by 0.5 percentage point to 47.0%) compensated a 0.3 percentage point decrease in the older workers’ employment rate (to 60.6%). In Japan, the employment rate increased for all age groups, but to a lesser extent for youth (up 0.2 percentage point to 40.0%) than for people aged 25-54 (up 0.4 percentage point to 81.8%) and for older workers (up 0.5 percentage point to 67.5%).

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 news.contact@oecd.org For technical questions contact stat.contact@oecd.org Next release: Mid-July 2014

63

65

67

69

71

73

2008

Q2

2008

Q3

2008

Q4

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

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 -0.4

-0.3

-0.2

-0.1

0.0

0.1

0.2

0.3

0.4

0.5

0.6

OECD - Total Canada Japan United States Euro area

Change in employment rates Percentage points - Q3-2013 to Q4-2013

Youth (15-24) Older workers (55-64)Prime-age workers (25-54)

Paris, 15 April 2014

OECD Quarterly Employment Situation News Release: 4th Quarter 2013

2

Table 1: OECD Employment Rates and Levels (15-64), s.a. Employment as a percentage of corresponding working age population and levels

Employment rates Levels 2010 2011 2012 2013 2008 2012 2013 Thousands Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 - 2013 OECD - Total 64.5 64.8 65.0 65.2 66.5 65.0 65.1 65.0 65.1 65.2 65.3 534,240 Major Seven 67.3 67.5 67.7 68.1 69.6 67.8 67.9 67.9 68.0 68.1 68.2 326,738 European Union 64.0 64.2 64.1 64.1 65.8 64.0 64.0 64.0 64.0 64.1 64.2 212,593 Euro area 64.1 64.3 63.8 63.5 65.9 63.8 63.6 63.5 63.5 63.5 63.6 137,910 Australia 72.4 72.7 72.4 72.0 73.3 72.3 72.3 72.3 72.2 71.9 71.7 11,079 Austria 71.7 72.1 72.5 72.3 72.3 72.6 72.4 72.1 72.4 72.4 72.4 4,104 Belgium 62.0 61.9 61.8 61.8 62.2 62.1 61.8 61.6 61.8 62.2 61.5 4,471 Canada 71.5 72.0 72.2 72.5 73.7 72.2 72.5 72.6 72.6 72.4 72.4 17,114 Chile 59.3 61.3 61.8 62.3 57.2 62.0 61.8 62.1 62.3 62.4 62.4 7,354 Czech Republic 65.0 65.7 66.6 67.7 66.7 66.8 66.9 67.3 67.8 67.8 68.1 4,849 Denmark 73.4 73.2 72.6 72.6 78.1 72.1 72.5 72.7 72.8 72.4 72.4 2,613 Estonia 61.0 65.1 67.1 68.5 69.9 67.7 67.0 68.2 69.3 68.1 68.1 593 Finland 68.2 69.0 69.4 68.9 71.2 69.6 69.2 68.9 69.1 68.8 68.6 2,394 France1 63.9 63.9 63.9 64.1 64.8 63.9 64.0 63.9 64.0 64.2 64.2 25,554 Germany 71.1 72.5 72.8 73.3 69.8 73.0 73.1 73.1 73.3 73.4 73.5 39,646 Greece 59.6 55.6 51.3 49.3 62.0 50.6 50.4 49.6 49.3 49.2 49.1 3,543 Hungary 55.4 55.8 57.2 58.5 56.5 57.7 57.5 57.4 58.3 58.7 59.4 3,958 Iceland 78.2 78.5 79.7 81.1 84.4 80.1 80.1 80.0 80.9 81.7 81.7 168 Ireland 59.7 58.9 58.9 60.5 68.3 58.9 59.2 59.7 60.1 60.8 61.3 1,849 Israel 60.2 60.9 66.5 67.1 60.0 67.1 66.7 66.9 66.7 67.3 67.3 3,341 Italy 56.9 57.0 56.8 55.6 58.8 56.8 56.4 56.0 55.6 55.5 55.5 21,912 Japan 70.6 71.1 70.6 71.7 70.9 70.7 70.8 71.3 71.5 71.8 72.2 56,853 Korea 63.3 63.8 64.2 64.4 63.9 64.3 64.1 64.1 64.3 64.6 64.9 23,372 Luxembourg 65.2 64.6 65.9 65.7 63.9 66.4 66.2 65.5 65.7 65.8 65.9 237 Mexico 59.7 60.0 60.9 60.8 61.2 61.4 60.5 60.4 60.9 60.7 61.3 47,445 Netherlands 74.7 74.9 75.1 74.3 77.1 75.1 74.9 74.7 74.4 74.1 74.0 8,152 New Zealand 72.3 72.6 72.2 73.1 75.0 72.1 71.2 72.6 72.8 73.2 73.8 2,169 Norway 75.3 75.3 75.8 75.4 78.1 75.7 75.5 75.5 75.4 75.4 75.3 2,527 Poland 59.0 59.3 59.7 60.0 59.1 59.6 59.7 59.6 59.9 60.1 60.3 15,348 Portugal 65.6 64.2 61.8 61.1 68.5 61.9 60.4 60.1 60.7 61.4 62.0 4,290 Slovak Republic 58.8 59.3 59.7 59.9 61.9 59.9 59.4 60.0 59.9 59.8 59.9 2,315 Slovenia 66.2 64.4 64.1 63.3 68.2 63.5 64.1 63.3 62.9 63.7 63.2 884 Spain 58.6 57.7 55.4 54.4 64.9 55.0 54.6 54.5 54.3 54.2 54.6 16,618 Sweden 72.2 73.6 73.8 74.4 74.4 73.8 73.8 74.2 74.3 74.5 74.7 4,578 Switzerland 78.6 79.4 79.4 79.6 79.5 79.8 79.6 79.4 79.4 79.3 80.2 4,360 Turkey 46.3 48.4 48.9 49.5 45.1 48.8 49.7 49.9 49.7 49.2 49.3 24,891 United Kingdom 69.5 69.5 70.1 70.8 71.8 70.3 70.6 70.4 70.6 70.9 71.2 29,030 United States 66.7 66.6 67.1 67.4 71.2 67.1 67.4 67.2 67.3 67.4 67.4 136,629

1 Statistical break in Q4-2012 for France, as a revised questionnaire was used 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. Detailed information on these methodological changes and their impact is available in INSEE's website http://www.insee.fr/fr/themes/info-rapide.asp?id=14 Box "Pour en savoir plus".

Paris, 15 April 2014

OECD Quarterly Employment Situation News Release: 4th Quarter 2013

3

Table 2: OECD Employment Rates (15-64) by Gender, s.a. Employment as a percentage of corresponding working age population

Women Men 2013 2012 2013 2013 2012 2013 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 OECD - Total 57.4 57.1 57.2 57.3 57.5 57.6 73.1 73.1 73.0 73.1 73.0 73.2 Major Seven 62.3 62.0 62.0 62.2 62.4 62.5 73.9 74.0 73.8 73.9 73.9 74.0 European Union 58.7 58.6 58.6 58.6 58.8 58.9 69.4 69.5 69.3 69.4 69.4 69.6 Euro area 58.2 58.1 58.1 58.1 58.3 58.3 68.8 69.1 68.9 68.8 68.8 68.9 Australia 66.4 66.5 66.7 66.6 66.3 66.2 77.6 78.1 77.9 77.8 77.5 77.2 Austria 67.6 67.5 67.2 67.7 67.7 67.7 77.1 77.4 77.1 77.2 77.1 77.2 Belgium 57.2 57.4 56.8 56.8 58.2 57.0 66.4 66.1 66.5 66.8 66.2 65.9 Canada 69.6 69.6 69.6 69.6 69.6 69.5 75.4 75.4 75.5 75.5 75.3 75.3 Chile 51.0 50.1 50.7 51.0 50.9 51.2 73.8 73.6 73.7 73.7 73.9 73.8 Czech Republic 59.6 58.7 59.1 59.6 59.7 60.0 75.7 74.8 75.3 75.7 75.7 76.0 Denmark 70.1 69.7 69.7 70.2 70.4 69.9 75.0 75.3 75.6 75.3 74.4 74.8 Estonia 65.7 64.0 65.3 66.0 65.5 65.9 71.4 70.3 71.2 72.8 70.9 70.4 Finland 67.8 67.8 68.0 68.1 67.6 67.6 69.9 70.6 69.8 70.2 70.1 69.7 France1 60.4 60.1 60.2 60.3 60.5 60.7 67.9 68.0 67.9 67.9 68.0 67.9 Germany 68.8 68.4 68.5 68.6 69.1 69.1 77.7 77.7 77.5 77.8 77.7 77.9 Greece 40.1 41.3 40.5 40.1 39.9 39.8 58.4 59.4 58.7 58.4 58.3 58.3 Hungary 52.8 52.2 52.2 52.4 52.8 53.7 64.3 63.0 62.8 64.3 64.8 65.3 Iceland 79.0 78.9 77.7 78.7 79.8 79.6 83.2 81.2 82.2 83.1 83.5 83.7 Ireland 55.9 55.3 55.5 55.7 56.2 56.3 65.1 63.2 63.9 64.6 65.5 66.5 Israel 63.0 62.8 62.7 62.9 63.3 63.1 71.2 70.7 71.2 70.6 71.4 71.6 Italy 46.5 46.9 46.7 46.4 46.5 46.5 64.8 66.0 65.3 64.8 64.5 64.6 Japan 62.5 61.0 62.0 62.2 62.6 63.2 80.8 80.5 80.4 80.8 80.9 81.1 Korea 53.9 53.5 53.5 53.7 54.2 54.4 74.9 74.8 74.6 74.8 75.0 75.3 Luxembourg 59.1 59.5 59.2 59.8 58.7 58.9 72.2 72.7 71.7 71.4 72.6 72.7 Mexico 45.0 44.6 44.4 45.2 45.0 45.3 78.3 78.1 78.0 78.2 78.1 78.7 Netherlands 69.9 70.5 70.3 70.0 69.8 69.6 78.7 79.2 79.1 78.7 78.3 78.4 New Zealand 67.9 65.9 67.8 67.4 67.9 68.5 78.5 76.7 77.7 78.3 78.7 79.2 Norway 73.5 73.4 73.4 73.4 73.5 73.5 77.3 77.4 77.4 77.3 77.2 77.0 Poland 53.4 53.0 53.0 53.2 53.5 53.8 66.6 66.4 66.3 66.6 66.7 66.9 Portugal 58.2 57.6 57.4 57.6 58.5 59.3 64.0 63.3 63.0 63.7 64.4 64.8 Slovak Republic 53.3 52.2 53.1 53.2 53.3 53.8 66.4 66.5 66.7 66.6 66.2 65.9 Slovenia 59.2 60.2 59.3 58.9 59.5 59.1 67.1 67.9 67.0 66.7 67.6 67.0 Spain 49.7 49.9 49.8 49.6 49.6 49.8 59.1 59.3 59.0 59.0 58.8 59.4 Sweden 72.5 71.8 72.1 72.4 72.5 72.9 76.3 75.8 76.1 76.1 76.5 76.5 Switzerland 74.4 73.8 74.2 74.2 74.1 75.1 84.7 85.4 84.5 84.4 84.5 85.2 Turkey 29.7 29.6 29.9 29.7 29.5 29.5 69.5 70.0 70.0 69.7 69.0 69.2 United Kingdom 65.9 65.7 65.7 65.8 65.9 66.2 75.6 75.5 75.2 75.4 75.9 76.1 United States 62.3 62.4 62.1 62.3 62.5 62.4 72.6 72.6 72.6 72.5 72.5 72.6

1 Statistical break in Q4-2012 for France, as a revised questionnaire was used 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. Detailed information on these methodological changes and their impact is available in INSEE's website http://www.insee.fr/fr/themes/info-rapide.asp?id=14 Box "Pour en savoir plus".

Paris, 15 April 2014

OECD Quarterly Employment Situation News Release: 4th Quarter 2013

4

Table 3: OECD Employment Rates by Age, s.a. Employment as a percentage of corresponding working age population

Youth (15-24) Prime-age workers (25-54) Older workers (55-64)

2013 2013 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 OECD - Total 39.1 39.3 39.3 39.4 75.5 75.6 75.6 75.7 56.0 56.3 56.5 56.7 Major Seven 42.1 42.2 42.4 42.6 78.1 78.1 78.1 78.2 59.2 59.3 59.7 59.7 European Union 32.4 32.3 32.3 32.3 76.8 76.7 76.7 76.8 49.5 49.8 50.4 50.9 Euro area 31.5 31.6 31.3 31.1 76.0 75.8 75.7 75.7 49.4 49.9 50.3 50.7 Australia 58.9 59.1 58.7 58.0 79.4 79.2 79.0 78.9 61.6 61.9 61.2 61.1 Austria 53.9 54.2 53.8 53.5 84.8 85.0 85.0 84.8 43.5 44.9 45.0 46.1 Belgium 23.3 23.8 24.5 23.0 78.9 79.3 79.2 78.8 40.6 41.7 42.8 41.7 Canada 55.1 55.3 55.0 54.8 81.5 81.5 81.5 81.5 60.8 60.7 60.4 60.2 Chile 30.8 30.4 30.3 30.4 74.9 75.3 75.2 75.2 63.1 64.0 63.6 65.0 Czech Republic 25.7 25.7 25.4 25.4 83.2 83.7 83.5 83.7 50.5 51.3 52.1 52.6 Denmark 54.3 53.8 53.1 53.4 82.0 82.5 82.0 81.7 60.8 61.8 62.3 61.7 Estonia 31.6 33.7 32.2 31.7 80.0 80.4 80.0 81.1 62.5 64.6 61.8 61.5 Finland 41.4 41.5 41.1 42.2 81.3 81.5 80.9 80.5 58.1 58.7 58.9 58.5 France1 28.5 28.5 28.4 28.9 80.5 80.5 80.8 80.8 45.5 45.6 45.7 45.8 Germany 47.0 47.0 46.9 46.6 83.3 83.4 83.3 83.2 62.6 63.0 64.0 64.4 Greece 11.6 11.7 12.0 12.1 62.0 61.6 61.3 61.2 35.6 35.9 35.8 35.1 Hungary 19.0 19.6 20.1 20.5 74.2 75.5 75.8 76.6 37.6 38.4 38.7 39.3 Iceland 68.4 67.6 70.3 72.2 83.9 84.8 85.4 84.7 79.8 80.8 81.3 81.3 Ireland 28.6 28.9 29.1 29.2 70.2 70.6 71.3 72.1 50.3 50.5 51.5 53.0 Israel 77.0 76.8 77.2 77.1 65.3 65.1 63.6 64.5 Italy 16.6 16.7 16.4 15.7 69.4 68.3 68.0 68.1 41.5 42.2 43.1 43.8 Japan 39.5 39.6 39.8 40.0 80.9 81.3 81.4 81.8 66.4 66.4 67.0 67.5 Korea 23.7 23.8 24.2 24.9 74.6 74.8 75.2 75.4 63.4 64.1 64.7 65.0 Luxembourg 22.0 22.0 19.7 23.7 82.9 82.0 83.7 82.8 41.2 42.7 39.2 39.0 Mexico 41.8 42.4 41.7 42.0 70.4 70.5 70.5 71.1 54.3 55.1 55.0 55.6 Netherlands 63.0 62.6 61.9 61.8 83.0 82.6 82.0 81.8 59.4 59.8 60.4 60.8 New Zealand 49.6 49.8 49.8 51.3 80.5 80.2 81.3 81.5 73.8 75.1 74.1 74.8 Norway 52.5 51.8 51.6 51.1 84.0 84.0 84.3 84.1 70.4 71.6 71.4 70.8 Poland 24.1 24.4 24.1 24.2 76.6 76.8 77.2 77.3 39.8 40.2 40.8 41.6 Portugal 21.1 21.6 23.3 23.0 73.4 74.0 74.9 75.7 45.4 46.8 46.9 47.5 Slovak Republic 20.8 20.7 20.4 19.8 76.1 76.0 75.8 76.0 44.2 43.8 44.1 44.0 Slovenia 26.9 26.3 27.2 25.6 81.8 81.4 82.4 82.1 32.5 34.0 33.9 33.6 Spain 16.7 16.6 16.4 16.5 65.3 65.2 65.2 65.6 42.8 43.1 43.6 43.8 Sweden 40.8 41.2 42.1 42.6 85.5 85.4 85.4 85.2 73.1 73.3 73.7 74.3 Switzerland 62.4 61.3 61.0 62.9 86.1 86.2 86.3 87.0 71.4 72.0 71.6 71.8 Turkey 32.6 32.8 32.5 31.1 59.4 59.1 58.8 59.1 31.9 31.6 31.3 31.3 United Kingdom 46.8 46.1 46.7 46.9 80.7 80.9 81.0 81.2 58.8 59.6 60.2 60.6 United States 45.9 46.2 46.5 47.0 75.8 76.0 76.0 76.0 61.2 60.9 60.9 60.6

1 Statistical break in Q4-2012 for France, as a revised questionnaire was used 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. Detailed information on these methodological changes and their impact is available in INSEE's website http://www.insee.fr/fr/themes/info-rapide.asp?id=14 Box "Pour en savoir plus".