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.
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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.
On the occasion of the OECD High Level Policy Forum on Migration taking place on December 1 and 2 2014, Secretary General Angel Gurria congratulates President Obama on taking action to address the unsustainable situation of undocumented immigrants.
U.S. employers are demanding skilled workforces, but are not always able to find a local supply, says a new OECD study looking at Job Creation and Local Economic Development.
How to stimulate growth and support job creation are two critical challenges that countries confront following the global financial crisis. The Local Economic and Employment Development (LEED) Programme of the OECD has developed international cross-comparative reviews on local job creation policies to examine the contribution of local labour market policy to boosting quality employment. Each country review examines the capacity of
Two rounds of the Survey of Adult Skills are under way: Round 1 (2008-13) with 24 participating countries, whose results were released in October 2013, and Round 2 (2012-16) with 9 participating countries, whose results will be released in 2016. A third round is scheduled to begin in May 2014.
There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.
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A Skills beyond School Review of the United States, OECD Reviews of Vocational Education and Training
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At 6.2% in July, the US unemployment rate is back where it was in September 2008 when the bankruptcy of Lehman Brothers signalled an intensification of the recession that had already been underway since the end of 2007.
The US should raise significantly federal funding on jobs programmes for young people in order to limit the impact of the economic downturn on the current generation of school leavers, according to a new OECD report.