In the past decade, overdose deaths have surged, particularly as (illicit) synthetic opioids have become more available. Opioid-related deaths touch urban and rural communities alike and are spreading to affect all demographic groups.
The economic expansion in the United States is now one of the longest on record, although it has been sluggish in comparison with previous recoveries. While job growth has reduced the unemployment rate to historically-low levels, many people still remain on the sidelines of the labour market, as shown by the low participation rates of prime age workers.
Amid strong outlook for U.S. economy, risks abound
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This country note from Going for Growth 2017 for the United States identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
In the United States, the most watched indicator of productivity (nonfarm business productivity growth) decelerated about ¾ percentage point from 2009 to 2014 relative to the preceding 5-year period.
With the global economy mired in low-growth and no signs of strong acceleration, a lot of attention has been paid to the meagre pace of productivity growth in OECD countries.
Measures that enable the acquisition of new skills and reduce mismatches between the demand and supply of existing skills can boost US economic growth and make its benefits more inclusive.
Productivity growth has been sluggish since the Great Recession and had been slowing before it.
This 2016 OECD Economic Survey of the United States examines recent economic developments, policies and prospects. The special chapters cover:
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This country note from Going for Growth 2015 for the United States identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.