Facing the jobs crisis - Just Launched: Employment Outlook 2020
Unemployment has soared in the @OECD area since the start of the COVID-19 pandemic.
Policymakers have taken action to safeguard workers and firms, but as the coronavirus crisis continues, more targeted action will be needed to stop the jobs crisis from becoming a social crisis.
The COVID-19 pandemic has triggered one of the worst jobs crises since the Great Depression.
There is a real danger that the crisis will increase poverty and widen inequalities, with the impact felt for years to come.
Countries now need to do everything they can to stop this jobs crisis from turning into a social crisis.
Reconstructing a better and more resilient labour market is an essential investment in the future and in future generations.
Some countries hit worse than others
In some countries, employers used job retention programmes to cut hours while allowing workers to keep their pay and jobs; there, it is likely that the full impact of the pandemic is yet to be felt.
In others, there have been unprecedented leaps in unemployment, but many workers will return to their jobs (or to new ones) as economies re-open and activity picks up.
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Unemployment will remain high into 2021
Unemployment is projected to reach nearly 10% in OECD countries by the end of 2020, up from 5.3% at year-end 2019, and to go as high as 12% should a second pandemic wave hit. A jobs recovery is not expected until after 2021.
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Young people and women hit hard by jobs crisis
The COVID-19 crisis is having a greater impact on some workers than others. Young people and women are among those at greatest risk of joblessness and poverty.
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OECD Employment Outlook 2019 - The Future of Work
The world is changing at lightning speed. Digitalisation, globalisation and demographic changes are having a profound impact on our lives, on our cultures, on our societies.
These and other megatrends are constantly (and rapidly) transforming the way we interact with our friends and families; how and where businesses operate; what goods and services we consume; what dreams we dream.
Our education and health, the distribution of income and wealth, the jobs we have and how we work are all particularly sensitive to these changes. It is a transformational era. Disruption is the new normal.
The 2019 edition of the OECD Employment Outlook presents new evidence on changes in job stability, underemployment and the share of well-paid jobs, and discusses the policy implications of these changes with respect to how technology, globalisation, population ageing, and other megatrends are transforming the labour market in OECD countries.
The report discusses how labour market regulation might be used to extend rights and protections beyond standard employees, as well as to rebalance bargaining power between employers and workers. It analyses how collective bargaining and social dialogue can be mobilised to address emerging challenges in the labour market, looking at the role of government, social partners and new forms of collective organisation.
Collective bargaining and social dialogue can help addressing the challenges posed by a changing world of work. As demographic and technological changes unfold, collective bargaining can allow companies to adjust wages, working time, work organisation and tasks to new needs in a flexible and pragmatic manner. It can help shaping new rights, adapting existing ones, regulating the use of new technologies, providing active support to workers transitioning to new jobs and anticipating skills needs.
Yet, the number of workers who are members of unions and covered by collective agreements have declined in the UK and many other OECD countries. In addition, increases in different forms of non-standard employment in a number of countries pose a challenge to collective bargaining, as non-standard workers are under-represented by trade unions.
This under-representation reflects both practical difficulties in organising non-standard workers and the historical focus of collective bargaining on standard employees, but also legal obstacles to collective bargaining for some non-standard workers such as the self-employed.
The role of adult learning is also addressed, with a particular focus on the most vulnerable groups. And finally the report also assesses challenges for social protection policies, presenting evidence on the support gaps affecting different types of worker, and discussing reform avenues for preserving and strengthening the key stabilising role of social protection systems.