OECD Employment Rate Rises By 0.1% Over Third Quarter

Britain is experiencing positive growth in its employment sector – and this is also being reflected in many other countries across the Organisation for Economic Co-operation and Development (OECD).

According to the latest figures, nations within this zone saw a 0.1 per cent increase in the employment rate between July and September 2018. During this period, there were 570 million people with jobs, taking the rate to 68.4 per cent.

This is predominantly the result of increases in several countries, both within and outside of the euro zone. Belgium, Latvia, the Netherlands, the Slovak Republic and Lithuania experienced employment growth of more than 0.5 percentage points, while Canada, Japan, Turkey and the US saw its rates rise by an average of 0.3 per cent during this three-month period.

This comes after the UK Labour Market: December 2018 report also revealed there has been an increase in the number of Brits in employment lately, with 79,000 more people working between August and October than during the previous three-month period.

What’s more, this represents a huge 390,000 increase from August to October 2017’s figures, taking the total number of people in work in the UK to 32.48 million by October last year. With the employment rate in Britain at 75.7 per cent, this is the joint-highest figure since estimates were first recorded in 1971.

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