Data

Statistical release, 17 April 2025

OECD employment and labour force participation (LFP) rates remained broadly stable at 70.2% and 73.9% in the fourth quarter of 2024, close to their peaks recorded in the previous quarter.

In Q4 2024, the employment rate exceeded the OECD average of 70.2% in two-thirds of OECD countries. Employment rates were stable in 14 OECD countries compared with the previous quarter, while they fell in 15 and rose in 9. 

Labour force participation rates for individuals aged 15 to 64 were higher than the OECD average of 73.9% in almost three-quarters of OECD countries in Q4 2024. For all of 2024, the OECD employment rate was slightly higher than for 2023 (up by 0.2 percentage points [p.p.]), reflecting mainly an increase in the labour force participation rate.

In February 2025, the OECD unemployment rate held steady at 4.8%, having been at or below 5.0% since April 2022.