Please note: As of January 20, 2017, information in some news releases may be out of date or not reflect current policies.
OECD Issues Report on Labor Market in North America
In the context of the 2016 North American Leaders Summit, the OECD this week released a report, “The State of the North American Labor Market”, which was developed in collaboration with DOL and the governments of Canada and Mexico. The report finds that despite their differences in economic and social contexts, as well as in institutional set-ups, North American labor markets exhibit some common strengths, including a relatively high level of adaptability and low levels of unemployment overall. However, the report argues they also face a number of common, longterm challenges – such as persistent under-utilization of labor resources, stagnant wage growth, and high levels of income inequality – which will require policies to promote more inclusive labor markets that fully utilize and develop the skills of individuals, and enable job seekers to find productive and rewarding jobs.