labur-market

LABOUR MARKETS ARE CONTINUING TO RECOVER FROM THE CRISIS BUT WAGE GROWTH REMAINS WEAK.

Job market recovering but wage growth remains weak

 

 Labour markets are continuing to recover from the crisis and employment is set to return to pre-crisis levels in 2017, but wage growth remains weak, according to a new OECD report.

The OECD Employment Outlook 2016 shows that with the global economy stuck in a low‑growth trap, better skills use and further structural reforms are needed to boost productivity, support job creation, improve job satisfaction and raise living standards.