The US Labour Market Recovery Following the Great Recession:
Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe. Unemployment duration is still extremely high, and many have withdrawn from the labour market altogether. Because the weakness is largely cyclical in nature, p...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1015 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe. Unemployment duration is still extremely high, and many have withdrawn from the labour market altogether. Because the weakness is largely cyclical in nature, policy makers should place a high priority on supporting aggregate demand in the short term. Even so, policies are needed to help individuals return to work, as there is a risk that high long-term unemployment and weak labour market participation could evolve into structural problems. Greater emphasis should be put on activation measures that help individuals search for jobs more effectively or find adequate training programmes. In the longer run, education and training are key to raising the skills and wages of the workforce. In this regard, educational reforms are needed to increase student achievement at all levels. High-quality vocational training can also be used to advance the skills of high-school graduates. College completion rates could be improved by reducing financial and other barriers to education, and enhancing the community college system would be a cost-effective way to provide more individuals with an affordable way to obtain tertiary education. Disability insurance reforms are needed to reduce dependency on these programmes and encourage participation in the workforce. This Working Paper relates to the 2012 OECD Economic Survey of the United States (www.oecd.org/eco/surveys/United States). |
| Beschreibung: | 1 Online-Ressource (33 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k4ddxp3xlvf-en |
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| spelling | Dunn, Wendy VerfasserIn aut The US Labour Market Recovery Following the Great Recession Wendy, Dunn = La reprise du marché du travail aux États-Unis après la grande récession / Wendy, Dunn La reprise du marché du travail aux États-Unis après la grande récession Paris OECD Publishing 2013 1 Online-Ressource (33 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1015 Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe. Unemployment duration is still extremely high, and many have withdrawn from the labour market altogether. Because the weakness is largely cyclical in nature, policy makers should place a high priority on supporting aggregate demand in the short term. Even so, policies are needed to help individuals return to work, as there is a risk that high long-term unemployment and weak labour market participation could evolve into structural problems. Greater emphasis should be put on activation measures that help individuals search for jobs more effectively or find adequate training programmes. In the longer run, education and training are key to raising the skills and wages of the workforce. In this regard, educational reforms are needed to increase student achievement at all levels. High-quality vocational training can also be used to advance the skills of high-school graduates. College completion rates could be improved by reducing financial and other barriers to education, and enhancing the community college system would be a cost-effective way to provide more individuals with an affordable way to obtain tertiary education. Disability insurance reforms are needed to reduce dependency on these programmes and encourage participation in the workforce. This Working Paper relates to the 2012 OECD Economic Survey of the United States (www.oecd.org/eco/surveys/United States). Employment Economics United States FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k4ddxp3xlvf-en Volltext |
| spellingShingle | Dunn, Wendy The US Labour Market Recovery Following the Great Recession Employment Economics United States |
| title | The US Labour Market Recovery Following the Great Recession |
| title_alt | La reprise du marché du travail aux États-Unis après la grande récession |
| title_auth | The US Labour Market Recovery Following the Great Recession |
| title_exact_search | The US Labour Market Recovery Following the Great Recession |
| title_full | The US Labour Market Recovery Following the Great Recession Wendy, Dunn = La reprise du marché du travail aux États-Unis après la grande récession / Wendy, Dunn |
| title_fullStr | The US Labour Market Recovery Following the Great Recession Wendy, Dunn = La reprise du marché du travail aux États-Unis après la grande récession / Wendy, Dunn |
| title_full_unstemmed | The US Labour Market Recovery Following the Great Recession Wendy, Dunn = La reprise du marché du travail aux États-Unis après la grande récession / Wendy, Dunn |
| title_short | The US Labour Market Recovery Following the Great Recession |
| title_sort | us labour market recovery following the great recession |
| topic | Employment Economics United States |
| topic_facet | Employment Economics United States |
| url | https://doi.org/10.1787/5k4ddxp3xlvf-en |
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