OECD Employment Outlook

1999-1266 (online)
1013-0241 (print)
Hide / Show Abstract

OECD’s annual report on jobs and employment in OECD countries. Each edition reviews recent trends, policy developments, and prospects. A statistical annex provides data on unemployment rates, incidence of part-time employment, employment/population ratios, and activity rates. Also included are data on expenditure on labour market programmes, average annual wages, and earnings dispersion. Special Chapters examine issues of topical interest.

Also available in French, German
OECD Employment Outlook 2012

OECD Employment Outlook 2012 You do not have access to this content

Click to Access: 
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/employment/oecd-employment-outlook-2012_empl_outlook-2012-en
  • READ
10 July 2012
9789264177901 (PDF) ;9789264166684(print)

Hide / Show Abstract

This 30th edition of the OECD Employment Outlook examines recent labour market trends and short-term prospects in OECD countries. It finds that the recovery from the recent economic and financial crisis has been slow and uneven. Unemployment remains unacceptably high in many countries and long-term unemployment has risen, increasing the risk of higher unemployment becoming entrenched. An analysis of how labour markets weather economic shocks shows that policies to lower structural unemployment also help to dampen the adverse effects of economic downturns on unemployment, earnings losses and earnings inequality. The report documents the decline in the labour share of national income that has been occurring in many OECD countries, primarily as a result of globalisation and technological change. Enhanced investment in education and better targeted tax and transfer programmes can help to ensure that the fruits of economic growth are more broadly shared. Finally, the impact of climate-change mitigation policies on the labour market is examined. Some sectors could experience large employment changes even if the impact on the overall level of employment may only be small. As for other structural shocks, policies should be put in place to facilitate labour market mobility.

loader image

Expand / Collapse Hide / Show all Abstracts Table of Contents

  • Mark Click to Access
  • Editorial: Achieving a Sustainable Recovery – What Can Labour Market Policy Contribute?

    The OECD-wide unemployment rate was 7.9% in May 2012, equivalent to around 48 million people out of work – almost 15 million more than when the financial crisis began at the end of 2007. OECD economic projections from May 2012 indicate that job creation will continue to be weak in many OECD countries and that unemployment may remain around 8% in the OECD area at the end of 2013. The outlook is even more discouraging in the euro area, where unemployment is rising again and is projected to rise further before stabilising in 2013.

  • Waiting for the Recovery: OECD Labour Markets in the Wake of the Crisis

    The economic recovery has been weak or uneven and some countries have fallen back into recession. This chapter examines the implications of the lack of a vigorous recovery for OECD labour markets. Its main findings are threefold. First, almost three years since the start of the economic recovery, economic growth has not been strong enough to make more than a small dent in the cyclical hike in OECD-wide unemployment. Second, there has been an increasing marginalisation of the jobless through an increase in the number of long-term unemployed and of discouraged workers leaving the labour force. Third, there is a growing risk that at least part of the cyclical increase in unemployment may become structural even if this has only materialised to a limited extent so far. From a policy perspective, the key priority is to underpin aggregate demand. This requires appropriate macroeconomic policies coupled with structural reforms that promote a prompt and solid recovery in output and job creation. Labour market policies also have a key role to play in helping unemployed job seekers get back into work and addressing structural obstacles that prevent them from finding jobs.

  • What Makes Labour Markets Resilient During Recessions?

    This chapter analyses the impact of selected labour market policies and institutions for labour market resilience, defined as the extent to which labour markets weather economic downturns with limited social costs. One of the main insights that emerges from this chapter is that policies and institutions that are conducive to good structural labour market outcomes also tend to be good for labour market resilience. In particular, co-ordinated bargaining institutions can contribute to both good structural performance and labour market resilience, while the intensive use of temporary contracts tends to be associated with both weaker structural outcomes and less resilience.

  • Labour Losing to Capital: What Explains the Declining Labour Share?

    During the past three decades, the share of national income represented by wages, salaries and benefits – the labour share – has declined in nearly all OECD countries. The chapter examines the drivers of this decline, stressing the role played by factors such as increased productivity and capital-deepening, increased domestic and international competition, the reduction of workers’ bargaining power and the evolution of collective bargaining institutions. The decline of the labour share went hand-in-hand with greater inequality in the distribution of market income, which might endanger social cohesion and slow down the current recovery. Enhanced investment in education and use of the tax and transfer system can effectively reduce these risks.

  • What Green Growth Means for Workers and Labour Market Policies: An Initial Assessment

    A successful transition towards a low-carbon and resource-efficient economy will reshape the labour market in ways that create new opportunities for workers, but also new risks. The challenge for labour market and skill policies is to maximise the benefits from this transition for workers and help assure a fair sharing of unavoidable adjustment costs, while also supporting broader green growth policies. This chapter sheds light on these policy challenges and provides guidance for how they can best be met.

  • Statistical Annex

    Most of the statistics shown in these tables can also be found in the OECD central data repository: OECD.Stat (http://stats.oecd.org), which contains both raw data and derived statistics.

  • Add to Marked List
Visit the OECD web site