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OECD Employment Outlook 2016

image of OECD Employment Outlook 2016

This 2016 edition of the OECD Employment Outlook provides an in-depth review of recent labour market trends and short-term prospects in OECD countries. Chapter 1 examines recent labour market developments, with a special focus on vulnerable youth who are neither working nor in education or training. The size of this group has grown in recent years in many OECD countries and governments will need to take vigorous policy measures if they are to meet the target, recently adopted by G20 governments, of reducing the share of youth who are vulnerable by 15% by 2025. Chapter 2 considers skills use at work: are countries doing enough to assure that workers are able to make full use of their skills on the job? Chapter 3 looks at the short-term effects of structural reforms on employment and identifies successful strategies for reducing transition costs. Chapter 4 looks at how to close the labour market gender gap in emerging economies, proposing a comprehensive policy response to the problem. The Outlook’s analysis and recommendations are complemented by a statistical annex.

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Executive summary

Labour market conditions are continuing to improve in OECD countries and the share of the working-age population in work is projected to return to its pre-crisis level in 2017, nearly ten years after the onset of the global financial crisis. However, the recovery continues to be uneven and unemployment remains much too high in a considerable number of European OECD countries. Even in countries where labour market slack has been absorbed, low quality jobs and a high level of labour market inequality are of concern. Many of the workers who lost their jobs during the Great Recession are now back in work, but wage growth remains subdued and job stress is common. Many of the workers displaced from jobs in manufacturing and construction during the Great Recession found that their skills and experience did not qualify them for the better paying jobs that are being created in the services sector.

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