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Korea is still one of the countries with the lowest unemployment rate in the OECD countries – 3.7% in the second quarter of 2014. Nonetheless, Korea’s labour market has some structural challenges, one of which has been a relatively low employment rate, implying that the size of the inactive population is large.
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Switzerland has high employment rates and low unemployment. The overall employment rate remained stable since the start of the crisis and stands at 79% (first quarter of 2014), the second highest in the OECD after Iceland, well above the OECD average of 65.6%. As for unemployment, among OECD countries only Japan, Korea, and Norway have lower unemployment rates.
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The unemployment rate stabilised in recent months in France, but remains very high, at 10.3% in July 2014 compared to 7.4% on average in the OECD area. Over the past couple of years, many countries have experienced a significant decline in unemployment, leaving France lagging behind in terms of labour market recovery from the global financial crisis.
Tackling the epidemic of unemployment and underemployment that OECD countries have been facing since the first years of the crisis has been one of the top priorities at the OECD. In recent years, real wages have grown slowly, or even declined, bringing further hardship. Better policies for more and better jobs are needed.
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Portugal was hit hard by the global crisis and unemployment hit record levels but the unemployment rate has been declining since early 2013. In July 2014, 14% of the labour force was unemployed.
This series is designed to make available to a wider readership selected labour market, social policy and migration studies prepared for use within the OECD.
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or “bads”, as an output of the production process.
Un mensaje claro que resulta de este Foro es que, a pesar de algunos signos de mejora, seguimos teniendo una enorme tarea por delante. Nuestras últimas proyecciones estiman que la tasa de desempleo para el conjunto de la OCDE caerá de 7,7% a finales de 2013 a 7,1% a finales de 2015.
OECD employment rate rises for the fourth consecutive quarter to 65.6% in first quarter of 2014
This report examines recent activation policies in the United Kingdom aimed at moving people back into work. It offers insight into how countries can improve the effectiveness of their employment services and also control spending on benefits. The United Kingdom's policies have helped limit the rise in unemployment during the crisis. It has been at the forefront of reform efforts by OECD countries to transform and modernise