Skills for growth: human capital composition and economic performance
Back to the future of work, policy discussion at the Forum on the Future of Work and Labour Ministerial, 14 and 15 January 2016.
The digital revolution, globalisation and rapid population ageing are changing profoundly the types of jobs needed and the way we work, and may lead to even more dramatic changes over the coming decades. Will the many unemployed ever find a job again with the skills they have today in new world of work? Where are new jobs being created and what do they look like?
Colombia has made major economic and social advances in recent years. The combination of strong economic growth and policies targeted at the most vulnerable groups improved considerably the living standards of the Colombian population. Today, the country enjoys higher employment and labour force participation rates than the average of OECD countries and unemployment is steadily declining. Nevertheless, despite these positive trends, deep structural problems remain. Labour informality is widespread, the rate of self-employment is high and many employees have non-regular contracts. Income inequality is higher than in any OECD country and redistribution through taxes and benefits is almost negligible. In addition, half a century of internal conflict and violence has displaced a significant part of the population, and many of them are living in extreme poverty. Despite considerable progress, violence continues to be a challenge and also affects trade union members and leaders. The Colombian Government has undertaken important reforms in recent years to address these labour market and social challenges, and the efforts are gradually paying off. However, further progress is needed to enhance the quality of jobs and well-being for all. The main trust of this report is to support the Colombian Government in tackling labour market duality, generate trust between the social partners, develop inclusive and active social policies, and get the most out of international migration.
OECD employment rate increases to 66.2% in the third quarter of 2015
OECD unemployment rate stable at 6.6% in November 2015
OECD Unit Labour Cost growth slows to 0.3% in the third quarter of 2015
More equal access to employment services and better co-ordination between the government and social partners could help disadvantaged laid-off workers get back into employment, according to a new OECD report.
The OECD’s most recent ‘Investing in Youth’ country reviews identify three broad streams of solutions to provide disadvantaged youth with the skills they need and thus reduce the share of youth outside of education or employment.
OECD unemployment rate down to 6.6% in October 2015