More and more people across the world are finding themselves with a job, after statistics revealed the employment rate for those in the Organisation for Economic Co-operation and Development (OECD) area increased in the third quarter of last year.
Rising by 0.1 percentage points from the previous three months, the employment rate reached 68.4 per cent with 570 million people in jobs.
Within the euro area, the employment rate also grew by 0.2 percentage points during the same period, coming in at 67.4 per cent. This was down to a rise in the number of people in employment in Latvia, Belgium, Lithuania, the Slovak Republic, and the Netherlands.
However, Italy experienced a drop in the rate, declining by 0.2 percentage points to 58.6 per cent.
Countries outside the euro area fared better, as employment levels improved by 0.3 percentage points in the US, Turkey, Canada and Japan. However, the same could not be said for Mexico, Denmark, the UK and Chile where the level remained stable or declined.
In Britain, it dropped by 0.2 percentage points from the previous quarter, according to OECD figures.
However, this is not consistent with the government’s statistics, with the UK Labour Market: December 2018 report recently revealing Britain has an employment rate of 75.7 per cent – the joint highest since records began in 1971.
Indeed, it found there were 32.48 million people in the UK in jobs between August and October 2018, an increase of 79,000 from the previous quarter.
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