UK leads OECD-bloc’s employment rate higher – OECD Report

FXStreet (Mumbai) – The OECD area employment rate, defined as the share of people of working-age who are in employment, increased by 0.2% to reach 66.1% in the first quarter of 2015.

Increases in employment rates were widespread across OECD countries in the reported period, the OECD said in a report on Thursday.

Employment rates rose in the 19-nation euro zone by 0.2 percentage point, to 64.2%, in the United Kingdom by 0.4 percentage point, to 72.6%, the world’s largest economy, the United States by 0.1 percentage point, to 68.6% and in Japan by 0.1 percentage point, to 73.0%.

Apart from the world’s largest players, the biggest quarterly increases were observed in Iceland by 1.9 percentage points to 84.1%, Turkey by 0.6 of a percentage point to 50.1%, Mexico by 0.5 of a percentage point, to 60.7% and Hungary by 0.5 of a percentage point to 63.0%.

The OECD area employment rate, defined as the share of people of working-age who are in employment, increased by 0.2% to reach 66.1% in the first quarter of 2015.

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