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OECD Employment Rate At Record High Of 70% In 2023

17.04.2024 17:12

Gender gap narrowed as OECD employment rate rose at faster rate among women than men.

The employment rate in the Organization for Economic Cooperation and Development (OECD) area was at a record high of 70% in 2023, according to data released on Wednesday.

The figure improved from 69.3% in 2022, data from the Paris-based organization showed.

The gender gap narrowed as the OECD employment rate rose at a faster pace among women to 63.2% than among men to % 76.9%, both hitting their all-time high.

In 2023, the OECD labor force participation rate among workers aged 15-64 also reached its highest level of 66.6% for women and 80.8% for men.

Meanwhile, in February, the jobless rate remained broadly stable at 4.9% in the OECD area. -

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