OECD employment recovers amidst slow global economy

OECD employment recovers amidst slow global economy

Pic: Shutterstock/Anel Alijagic Insights

OECD job markets remain resilient despite economic slowdown, with employment recovering since the pandemic and unemployment at a record low of 4.8 per cent.

However, real wages have dropped in most OECD countries due to inflation. The OECD predicts an AI revolution that could affect labour markets, noting high-skill jobs are least at risk of automation. The Organisation for Economic Co-operation and Development (OECD) job markets remain tight even though the global economy has slowed substantially since 2021. Employment has fully recovered since the COVID-19 crisis and unemployment is at its lowest level […]

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