Tag Archives: employment outlook report

OECD Report Compares US to Other World Economies

The Organisation for Economic Co-operation and Development (OECD) released its 2018 Employment Outlook report, which reviews labor trends and prospects in the 36 OECD countries. The 2018 report shows that the US has work to do in terms of its economic policies and outcomes. The study says, β€œThe low-income rate in the US (defined as the share of working-age population living with less than 50% of median household disposable income) is one of the highest in the OECD. The rate in the US is 14.8% compared to an OECD average of 10.6%. The lowest rate (5.8%) was in the Czech Republic. The report also showed little government support for unemployed and at-risk workers, and employed workers are hampered by a week collective bargaining system.