OECD unemployment rate stable at 5.9% in May 2017
The conference on Adapting to changing skill needs was an OECD event supported by the JPMorgan Chase Foundation. This event showcased the OECD Skills for Jobs database, providing detailed information about the skill needs of the labour markets in all EU countries and South Africa.
OECD unemployment rate stable at 5.9% in April 2017
The job market continues to improve in the OECD area, with the employment rate finally returning to pre-crisis levels. But people on low and middle incomes have seen their wages stagnate and the share of middle-skilled jobs has fallen, contributing to rising inequality, according to a new OECD report.
The German Federal Ministry of Labour and Social Affairs and the OECD are jointly organising a High-Level Policy Forum on the New Jobs Strategy which will take place on 13 June 2017 in Berlin. The Forum will be hosted by Minister Andrea Nahles together with Secretary-General Angel Gurría.
The way businesses operate is rapidly changing. A strong online presence and tailored services are crucially important to their global development. Together with the emergence of the on-demand economy the traditional employment relationship is therefore being replaced by a diversity of more detached, agile and adaptable forms of employment.
Japan should step up efforts to improve young people’s job prospects and reduce the share of 15-29 year-olds who are not in employment, education or training (the “NEETs”), according to a new OECD report.
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Recent debates of Basic Income proposals shine a useful spotlight on the challenges that traditional forms of income support are increasingly facing, and highlight gaps in social provisions that largely depend on income or employment status. Reforms towards more universal income support would need to be introduced in stages, requiring a parallel debate on how to finance a more equal sharing of the benefits of economic growth.
The talk of the town this year has truly been the so-called fourth industrial revolution–and rightly so. Digitalisation causes an increasing interconnectivity of people, production and processes. Combined with the rapid development in artificial intelligence, self-learning machines and robot technology it heralds a new time of revolutionary technological progress.
The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.