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OECD Economic Surveys: United States 2018
EAN13
9789264301412
Éditeur
"Éditions OECD"
Date de publication
Collection
Économie
Langue
anglais
Fiches UNIMARC
S'identifier

OECD Economic Surveys: United States 2018

"Éditions OECD"

Économie

Livre numérique

  • Aide EAN13 : 9789264301412
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The current expansion in the United States is one of the longest on record.
Economic growth since the financial crisis has also been amongst the strongest
in the OECD. Robust job growth has helped bring people into employment and
reduce the unemployment rate. Partly as a result, material wellbeing is high
and Americans are doing well on average in comparison with residents of other
OECD counties. The near-term outlook for growth is strong, partly as a result
of substantial fiscal stimulus. In the longer run, improving the business
environment would help sustain growth, by reanimating firm creation and
productivity growth. Labour force participation rates of prime age workers are
relativley low and have only recently begun to recover from the decline after
the crisis. Job losses have become more persistent in areas hit by adverse
structural shocks, contributing to the decline in participation. In addition,
changing jobs has become more difficult over time, which is a concern with the
potential for automation and globalisation to disrupt local labour markets.
Labour market participation is also adversely affected by opioid addiction,
which also costs many lives, harms livelihoods and entails significant public
healthcare spending.

SPECIAL FEATURES: LABOUR-MARKET DISRUPTIONS FROM TRADE AND AUTOMATION; OPIOIDS
AND EMPLOYMENT
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