Short-term Labour Market Prospects and Introduction to the OECD Jobs Strategy Reassessment

Is the employment situation improving in OECD countries? Despite geopolitical tensions, large current account imbalances and soaring oil prices, economic growth is showing resilience in the OECD area and sustained moderate employment growth is projected to continue through 2007. As a result, unemployment rates should continue to ease, gradually reversing the rise in unemployment that accompanied the world economic slowdown earlier this decade.