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SIGI 2023 GLOBAL REPORT
Gender equality in times of crisis

EMPLOYMENT OUTLOOK 2023
Advances in AI will need policy action in the labour market

OECD-FAO AGRICULTURAL OUTLOOK 2023-2032
Production growth to slow down – but long-term uncertainty poses challenges

GOVERNMENT AT A GLANCE 2023
Crises underline need to build greater trust and enhance democratic resilience

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Inflation hits real wages even as OECD jobs market remains tight

Unemployment in OECD countries, at 4.8% for the third consecutive month in May 2023, is at its lowest level since the early 1970s, with OECD-wide employment projected to continue to expand in 2023 and 2024.

However, nominal wage growth, which rose 5.8% between Q1 2022 and Q1 2023, has been outpaced by inflation in 30 of 34 countries with available data, which means real wages have fallen 3.8% in the corresponding period. All G7 countries registered a fall in real wages.

Analysis in the OECD’s latest report indicates that there is room for company profits, which have outpaced labour compensation, to absorb further wage adjustments. This would recover some of the losses in purchasing power gradually without generating significant price pressures or affecting labour demand.

> Explore: Employment Outlook 2023

 

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Systems-wide policies, fiscal planning and more: Net Zero+ looks at 12 steps that can bolster the long-term resilience of governments' climate and economic policies.

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Why do girls perform better at school? How does childhood well-being vary between boys and girls? The Brookings Institution's Richard Reeves shares his views.

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The statistical power of AI language models that created ChatGPT is taking the world by storm. The opportunities – and the risks – have profound implications for policy. 

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