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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).
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.
Sweden should make greater efforts to prevent and address mental health problems among people under the age of 30, in order to boost their job prospects and reduce government spending on health care and out-of-work benefits, according to a new OECD report.
Ongoing reforms of Denmark’s disability benefits and flexjobs are promising, but a stronger focus on helping people with their mental health issues is needed for the reforms to contribute to a sustainable decline in the high rate of unemployment, according to a new OECD report. Past labour market reforms failed because underlying mental health problems of the jobless remained unaddressed.
The OECD unemployment rate was stable at 8.0% in December 2012, unchanged from the previous month.
Germany is one of the OECD countries with the lowest barriers to immigration for high-skilled workers. However, long-term labour migration is low in comparison with other countries.
Belgian companies, mutualities and employment services should be more proactive in helping people with mental health problems stay in the workplace or find a job, according to a new OECD report.
The OECD unemployment rate was stable at 8.0% in November 2012, unchanged from the previous month.
Progress has been made in narrowing the gender gap in pay, especially in employment, over the past decade but much remains to be done in many countries. Women pay a high price for motherhood, with steep childcare costs and taxes deterring many from working more, according to a new OECD report.