In 2014, the US economy added more jobs than in any year since the 1990s. In fact, this longest streak of job growth on record has persisted into 2015. Inflation-adjusted wages are up by 1.4% annually over the last two years, more than twice the pace of the last recovery. But this is still not enough to make up for decades of subpar gains for middle-class families–a challenge shared by many other OECD economies.
English, PDF, 633kb
This country note provides information on latest trends in income inequalities as well as key findings from the 2015 OECD report "In it Together: Why less inequality benefits all".
As the OECD celebrates its 10th Rural Conference this edition will look at the next steps for the OECD Rural Policy Programme and consider the direction for future work.
English, PDF, 39kb
Levels of alcohol consumption in the United States are close to the OECD average and have remained relatively stable in the last 20 years, but with a progressive shift from beer to spirit consumption. In 2011, an average of 8.6 litres of pure alcohol per capita was consumed in the United States, compared with an estimate of 9.5 litres in the OECD.
English, PDF, 370kb
Wage stagnation and rising inequality are putting pressure on many American households. Facilitating movement up the career ladder and shoring up wages at the bottom of the pay ladder are policy priorities.
English, PDF, 339kb
Seven years after the global financial crisis, lending to US small businesses is still below the precrisis levels and credit conditions remain tight for many of these firms. A more diversified set of options for SME financing should continue to be pursued to support long-term investment and reverse the trend decline in the number of start-ups.
Mr. Gurría attended the Spring meetings of the World Bank Group, IMF and G20 Finance Ministers, and held meetings with high-level officials from the US and other countries. He delivered remarks at various events and also presented the report Pensions at a Glance: Latin America and Caribbean as well as the 2015 OECD SME Scoreboard.
In his speech delivered at the Brookings Institute, OECD Secretary-General Gurría explains that OECD’s numbers tell a clear-cut story of how our traditional economic growth agenda has neglected inclusiveness. Yet to begin to tackle this problem, we have to understand that inequality is not just about money. It touches every area of people’s lives.
To revive global growth and put the global economy on a sustained footing, leaders worldwide want to rely on sound analysis of reliable data, well-founded and broad-based policy recommendations, effective institutions and well tested co-operation mechanisms. The OECD fits the bill.
English, PDF, 403kb
The United States is ranked 24th among the 34 OECD member countries in decreasing order with a tax wedge for an average single worker at 31.5% in 2014, compared with the OECD average of 36.0%.