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Growth in Unit labour costs (ULCs) in the OECD area accelerated to 0.6% in the fourth quarter of 2012, compared to 0.2% in the third quarter. Overall, growth in labour compensation per unit of labour input slowed marginally (to 0.3% compared to 0.4% in the third quarter). But this was more than offset by a significant slowdown in labour productivity (minus 0.3% compared to plus 0.2% in the previous quarter).
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The main purpose of the conference was to summarise the local scenarios of demographic change project results, present the most important conclusions and recommendations coming out from its realiaation and discuss strategic approaches to counteract negative results of demographic changes in Poland and in other OECD countries.
High-growth firms (HGFs) – firms able to grow fast over a short period of time – contribute to most new jobs in advanced economies.
Luxembourg is a rich and fast-growing country. However, inequality of disposable incomes has trended up modestly over the past decades and relative poverty has risen reflecting mainly the rapid growth of high incomes.
Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless, long-term and youth unemployment and involuntary part-time work are high. A polarised labour market risks worsening income inequality, which is high by OECD standards, despite a recent and likely temporary decline.
Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty.
The OECD LEED Delivering Local Development work stream examines the local and regional framework conditions and instruments for intervention to achieve successful local economic development in participating countries and localities. It covers strategic themes encompassing finance and investment, building the knowledge base, delivery vehicles and economic strategies (including the local development impacts from global events).
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.
Norway should overhaul its approach to mental health issues in the workplace in order to help more people find a job or stay in work, and cut high and rising public spending, according to a new OECD report.
Tackling mental ill-health of the working-age population is becoming a key issue for labour market and social policies in OECD countries. OECD governments increasingly recognise that policy has a major role to play in keeping people with mental ill-health in employment or bringing those outside of the labour market back to it, and in preventing mental illness. This report on Sweden is the second in a series of reports looking at how