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OECD Unit Labour Costs up 0.4% in the first quarter of 2014 as labour productivity falls
Modest decline in OECD unemployment rate in April 2014
Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.
This project assesses the contribution of labour market policy to boosting quality employment and enhancing productivity by better matching skills supply to demand, improving training provision and addressing skills gaps but also improving skills utilisation by firms. It involves a series of country reviews.
Business dynamics – entry and expansion of successful businesses, and the contraction and exit of the least productive ones – are at the core of the creative destruction process, resource reallocation and productivity growth. To address these issues, the OECD has embarked on the Dynamics of Employment ("DynEmp") project.
OECD unemployment rate stable at 7.5% in March 2014
After six long years of pain and fear, the major advanced economies are finally building momentum. While two of the four cylinders of the global economy’s growth engine – credit growth and emerging market activity – are still running below full speed, there are encouraging signs that the other two, trade and investment, are finally warming up.
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The Irish government has taken resolute action to address the unemployment challenge, launching the Action Plan for Jobs (APJ) initiative in early 2012. Drawing on the expertise and experience of OECD member countries, this preliminary review examines key aspects of the Action Plan for Jobs and highlights some key policy priorities to boost job creation.
Closer collaboration between local employment, training, and economic development agencies to develop the right skills in jobseekers is crucial to support export-oriented growth in Northern Ireland, according to a new OECD report.
With economic recovery underway in most OECD countries, efforts to create jobs and stimulate growth have moved to the local level, where workers are seeking to acquire the skills needed in the 21st Century economy.