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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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The Conference Board (TCB)

INTERNATIONAL COMPARISONS OF ANNUAL LABOR STATISTICS, 2013 [28 August 2014]

http://www.conference-board.org/ilcprogram/index.cfm?id=25444

or

https://www.conference-board.org/download.cfm?masterProductID=8995

[full-text, 25 pages]

Full Report

Data Tables

Technical Notes

Country Notes

Report summary

In the aftermath of the 2008/09 global financial and economic crisis, labor markets around the world are characterized by differing paths toward recovery. In the United States, Canada, Germany, and Japan, labor markets have been characterized by rapidly falling unemployment rates. In most other European economies, unemployment rates are still elevated or even increasing. Also participation rates, which refer to the percentage of persons between 15 and 64 years old who are in a job or are looking for one, are still increasing in most countries. The United States is the major exception due to massive baby boomer retirements and discouraged job seekers leaving the workforce.

Overall labor market tightness is still limited in most economies but may become a threat once unemployment rates drop further or participation rates fall. The risk of labor market tightness is exacerbated by prolonged unemployment and declining participation rates of youth aged 15 to 24. Without opportunities for work experience, youth today may lack the skills to fill future jobs. On the other hand, participation rates of women and older workers (ages 50 to 64 and 65 and over) continue to climb in most countries compared, particularly as those aged 50 to 64 increasingly delay retirement, and the oldest cohort of workers aged 65 and over returns to the labor force. Women and older workers will thus be key pools of potential job candidates in the coming years.

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