Encourage employment, combat unemployment

OECD Observer

OECD urges more dynamic employment policies as response to globalisation.

More efficient policies to encourage employment and combat unemployment are essential if countries are to reap the full benefits of globalisation and avoid a backlash against open trade, the OECD tells the governments of its 30 member states in the latest edition of its annual Employment Outlook.

“Job losses in some sectors, along with new job opportunities in other sectors, are an inevitable accompaniment of the process of globalisation,” the latest report says. “The challenge is to ensure that the adjustment process involved in matching available workers with new job openings works as smoothly as possible.”

©OECD Observer July 2005




Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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