Jobs advice

OECD Observer

We know quite a lot about how to increase employment rates, but there is no single road to Rome…or Moscow! So said OECD Secretary-General Angel Gurría, in an address to the meeting of G8 employment and labour ministers in Moscow, 9-10 October 2006. The secretary-general went on to outline the main lessons learned in the recent 2006 reassessment of the 1994 OECD Jobs Strategy and pointed to new challenges.

“For one thing, while mass unemployment was the key issue 10 years ago, the challenge is now to expand employment and incomes”, Mr Gurría said. At the same time, some 35% of the OECD working-age population do not have a job, while the task of promoting employment is more urgent in light of globalisation and rapid technological change. “What is needed today is more and betterpaid jobs”, the secretary-general summed up.

Policies that targeted old people, women and youth would pay off, as would measures to ensure that workers had the right skills. Apart from the need for a competitive open economic environment, there was no single way to boost employment: a lower cost US-style approach or more regulated Nordic-style approach each had advantages. However, a key ingredient, whatever the option, was political will.

www.oecd.org/speeches

©OECD Observer No 257, October 2006




Economic data

GDP growth: +0.6% Q1 2019 year-on-year
Consumer price inflation: 2.3% May 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.2% July 2019
Last update: 9 September 2019

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