Impact of Record High OECD Employment and Climate Transition on Labour Markets

Tuesday, 9 July 2024, 10:09
OECD labour markets are thriving, with total employment surpassing pre-pandemic levels and unemployment rates nearing record lows. Although job growth has decelerated, real wages have rebounded in only 19 out of 35 OECD countries. The ongoing climate transition is expected to further disrupt labour markets, leading to significant shifts in employment patterns and economic dynamics.
Oecd
Impact of Record High OECD Employment and Climate Transition on Labour Markets

Record High Employment in OECD

OEC labour markets are witnessing a surge in employment rates, surpassing pre-pandemic levels.

Impact of Climate Transition

The shift towards a greener economy is anticipated to bring about substantial changes in labour market trends.

Slowed Job Growth

Despite the positive employment outlook, job growth has slowed down in recent quarters.

Wage Recovery

Real wages have climbed back to pre-2020 levels in only 19 out of 35 OECD nations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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