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

• Compared with January, February unemployment rates were unchanged in 22 OECD countries, declined in 7, and increased in 2.
• The G7 unemployment rate remained unchanged at 4.3% where its been since Q1 2024.
• Unemployment rates remained at record lows in the EU and euro area.
• OECD employment and labour force participation (LFP) rates remained broadly stable at 70.2% and 73.9% in Q4 2024, close to their peaks recorded in the previous quarter.
• For all of 2024, the OECD employment rate was slightly higher than for 2023 (up by 0.2 ppts), reflecting mainly an increase in the labour force participation rate.