Initial claims for unemployment insurance have dropped near their pre-recession average

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Private consumption and residential investment are picking up

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The energy-related spike in inflation is projected to fade away

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Fiscal deficits are large

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Federal budget balances and debt held by the public under various consolidation scenarios

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The unemployment rate has fallen substantially but is still high

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Demographic changes will continue to push down labour force participation

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The duration of unemployment has risen dramatically

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Hourly compensation has lagged behind the gains in labour productivity

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US tertiary attainment rates have stagnated in recent decades

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Income inequality has increased to a high level

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The US tax system is effective in reducing inequality by OECD standards; but not the transfer system

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A significant part of the income of the wealthy comes from capital, 2011

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The tax-and-transfer system reduces poverty less than in other OECD countries

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Multifactor productivity growth has slowed since the 1970s

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R&D spending and patent activity are slipping in global rankings but remain high

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The share of high- and medium-to-high tech manufacturing in total manufacturing value added in the United States ranks around the middle of OECD countries' shares (2009)

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The number of STEM graduates in relation to total employment of persons aged 25-34 is relatively low in the United States (2009)

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STEM workers receive a significant earnings premium over other workers with the same level of education

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Seed/start-up financing has diminished

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The unemployment rate has fallen substantially but is still high (graph)

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Broader measures of labour inactivity show additional weakness

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Unemployment has fallen more slowly than in previous recoveries

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Unemployment rates for some groups are still extremely high

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The duration of unemployment duration has risen dramatically

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The relationship between job vacancies and unemployment changes in severe recessions

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US long-duration unemployment has surged and is now close to the level in many OECD countries

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Spending on active labour programmes remains low

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Demographic changes will continue to push down labour force participation: Actual and projected participation rate, age 16 and over

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Hourly compensation has lagged behind the gains in labour productivity: Index base 1947 = 100

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Earnings data by gender and educational attainment show a similar pattern of stagnant or declining earnings for most categories

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Disability rolls continue to trend up in the United States

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Disability enrolments in the Netherlands dropped noticeably following reforms

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Multifactor productivity growth has slowed since the 1970s (graph)

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R&D spending and patent activity are slipping in global rankings but remain high

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US government budget allocations for R&D have fluctuated in recent decades

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US government R&D spending is high by international comparison

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The shares of defence and health in government R&D budget allocations are high in the United States, 2010

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The tax subsidy for business R&D is low in the United States by international comparison

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US research universities are world leaders in most research fields

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The share of manufacturing in total value added has been declining in the United States and other OECD countries

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The share of high- and medium-to-high tech manufacturing in total manufacturing value added in the United States ranks around the middle of OECD countries' shares

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The US trade balance in advanced technology products has deteriorated over the past decade

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US tertiary education attainment rates have stagnated in recent decades

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The college/high school wage premium has increased sharply since 1980, reversing earlier declines

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The number of STEM graduates in relation to total employment of persons aged 25-34 is relatively low in the United States (2009)

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STEM workers receive a significant earnings premium over other workers with the same level of education: Private wage and salary, workers aged 25 and over

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The contribution of the allocation of employment across firms to aggregate labour productivity is higher in the United States than in other OECD countries

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Start-up employment has declined as a share of total employment

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Seed/start-up financing has diminished: Per cent of GDP

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