In the third quarter of 2023, most selected countries experienced stable or slightly increasing unemployment rates relative to the previous quarter, reflecting the strong tightness of most national labor markets, leading to an OECD average slightly above 4.8%. The OECD economic outlook expects the unemployment rates of OECD countries to stabilize at 5.1% in 2024 and 2025, as labour markets loose up some of their tightness due to the relatively weak growth prospects.