OECD employment outlook 2012.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, Corporate Author.

Language:

English

Subjects (All):

Labor supply.

Employment forecasting.

Unemployment.

Physical Description:

1 online resource (262 p.)

Other Title:

Organisation for Economic Co-operation and Development employment outlook 2012

Place of Publication:

[Place of publication not identified] : OECD, [2012]

Language Note:

English

Summary:

This 30th edition of the OECD Employment Outlook examines the labour market performance of OECD countries as well as the prospects in the short term. Chapter 1 offers an overview of recent developments, focusing on how marginalised groups (youth, the low skilled, women, the chronically unemployed) have fared during the crisis. Chapter 2 looks at what structural factors may contribute to labour markets being able to weather economic downturns with limited social costs. Chapter 3 examines the relationship of labour compensation to domestic output. Chapter 4 looks at the policy challenges posed b

Contents:

Table of Contents; The OECD Employment Outlook; Editorial: Achieving a Sustainable Recovery - What Can Labour Market Policy Contribute?; Chapter 1. Waiting for the Recovery: OECD Labour Markets in the Wake of; Key findings; Introduction; 1. Recent labour market developments and future prospects; The economic recovery has been particularly weak and uneven; Figure 1.1. A weak and uneven economic recovery; Unemployment remains persistently high; The employment gap remains substantial; Figure 1.2. Unemployment is projected to remain high in OECD countries

Figure 1.3. The recovery is not strong enough to reduce the jobs gapEmployment outcomes continue to diverge across workforce groups; Figure 1.4. The recovery differs across socio-economic groups; Box 1.1. The share of youth at high risk of labour market marginalisation has increased; NEET rates among youth in OECD countries; 2. A growing marginalisation among the jobless?; The decline in aggregate demand has reduced the job-finding prospects of job seekers...; Figure 1.5. Evolution of unemployment-exit probabilities; ... resulting in increasing long-term and very long-term unemployment

The increase in long-term unemployment could have important implications for the persistence of aggregate unemployment going forwardFigure 1.6. Evolution of unemployment by duration, 2007 Q1-2011 Q4; Figure 1.7. Unemployment is becoming more persistent; The risk of long-term unemployment has risen more for some workforce groups than for others; Figure 1.8. Youth and low skilled workers are at greater risk of long-term unemployment; Some job losers have become discouraged in their job search and left the labour force

Figure 1.9. The number of persons marginally attached to the labour forcea has increased3. Has structural unemployment started to increase?; The NAIRU has increased in most countries but by a small amount relative to the total cyclical change in unemployment; Figure 1.10. Structural unemployment has increased in most countries, but so far the increase remains small; Matching frictions tended to increase in countries where the unemployment impact of the crisis was relatively large...; Figure 1.11. Beveridge curves in selected OECD countries

... but declined in others where the unemployment impact tended to be smallerFigure 1.12. Comparing actual and predicted job-finding and job-filling rates; Why may matching frictions have increased in some countries?; Hiring remains depressed for youth, low-skilled workers and in the construction sector; Box 1.2. Active labour market policies have a crucial role to play in containing the risk of rising structural unemployment; The responsiveness of ALMPs spending to cyclical changes in unemployment tends to be very low

Figure 1.13. The evolution of hires by worker group and sector since the start of the crisis

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

92-64-17790-6

OCLC:

811504241