real wages

OECD: Job market recovering but wage growth remains weak

Angel Gurria
Angel Gurría, OECD

Labour markets are continuing to recover from the crisis and employment is set to return to pre-crisis levels in 2017, but wage growth remains weak, according to a new OECD report.

The OECD Employment Outlook 2016 shows that with the global economy stuck in a low‑growth trap, better skills use and further structural reforms are needed to boost productivity, support job creation, improve job satisfaction and raise living standards.