This chapter assesses recent developments in the labour market situation in OECD countries and discusses the short-term outlook based on the latest OECD projections. A special focus is given to documenting how different socio-economic groups have fared since the start of the global financial crisis. The situation of older workers is analysed in more detail as, unlike for the other groups, they have fared better than in the aftermath of previous major economic downturns. An assessment is also made of whether this improvement for older workers has come at the expense of poorer employment outcomes for youth. This issue is of particular importance given that governments may come under pressure to resort to measures that encourage older workers to withdraw from the labour market in the hope that this frees up jobs for young workers.