Unemployment will remain well above its pre-crisis levels next year in most OECD countries, despite modest declines over the rest of 2014 and in 2015, according to a new OECD report.
The UK labour market weathered the recent recession moderately well. After a relatively limited fall, total employment recovered and it recently reached 30 million for the first time, even if a number of the new jobs created are low productivity and low paid.
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.
OECD unemployment rate stable at 7.5% in March 2014
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.
Encouraging more people to work later in life would help the Netherlands meet its growing challenges of a rapidly ageing population and rising social spending, according to a new OECD report.
Launch of OECD report on ageing and employment policies in the Netherlands - Press conference, The Hague, Wednesday 16 April 2014
OECD unemployment increases to 7.6% in February 2014
Unit labour costs (ULCs) in the OECD area increased marginally (by 0.1%) in the fourth quarter of 2013, following two successive quarters of stability.