The employment rate in OECD countries has remained broadly stable through late 2024. According to the most recent OECD data, the average employment rate across all OECD countries stood at 70.2% in the fourth quarter of 2024, close to record highs reached earlier that year (OECD). This average employment rate represents the share of the working-age population (ages 15-64) that is employed. In two-thirds of OECD countries, the employment rate exceeded the OECD average, with Italy and France being notable exceptions among G7 countries, as they remained below the OECD average. However, escalating trade tensions, geopolitical and policy uncertainties, and inflation are expected to slow economic growth in 2025 (OECD).