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Briefing notes for the 2013 Edition of the OECD Employment Outlook
Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.
The rapid expansion of education in Korea is exceptional and has played a key role in its economic
development. Sustaining Korea’s growth potential in the face of demographic headwinds requires further
improving the education system to boost productivity growth.
Korea should strengthen its social safety net and improve support for laid-off workers to help them find a new job more quickly, according to a new OECD report.
These country notes profile public sector human resource practices and policies, covering issues including legal frameworks; age and gender composition of workers; public sector restructuring; management practices; industrial relations and reforms.
Skills and educational development for inclusive and sustainable growth are becoming significant drivers in OECD countries.
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The Korean labour market continues to perform well after a quick recovery from the global economic crisis.
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The Korean labour market continues to perform well after a quick recovery from the global economic crisis. Korea’s unemployment rate was 3.2% in May 2012, 0.2% point lower than a year earlier, and nearly down to its pre-crisis level of 3.1%.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.
The OECD, in collaboration with the ILO, has prepared a series of reports to support the Ministers’ discussions at the G20 Labour and Employment Ministerial meeting in Guadalajara on 17-18 May, 2012.