The employment rate and activity rate in the OECD area both remained stable, at 70.1% and 73.8%, respectively, in the fourth quarter of 2023. According to the Paris-based international body, these are the "highest" levels "ever recorded since the beginning of both series.
However, the youth unemployment rate (15-24 years) has grown overall to 10.9% in February 2024, according to the organization's press release. A "pronounced increase" of 0.5 percentage points, with a "marked progression" also in Italy (22.8%, 22.1%) underlines the organization's commitment to the cause of reducing youth unemployment, it adds. The employment rate in Italy grew to 62.1%, reaching record levels, claims the OECD. The activity rate to 67.1%. In our country, the employment rate grew to 60.7%.