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Slowdown in job creation
OECD LABOUR MARKETS HAVE PERFORMED WELL DESPITE ADVERSE SHOCKS IN 2023, BUT THERE ARE SIGNS OF SLOWER DYNAMISM
Moderate GDP growth with divergences between economies
Stronger employment recovery in the Eurozone than in the US compared to pre-Covid19 levels
Spain has the highest unemployment rate in the OECD in a context of historically low levels in most countries
Dual picture of unemployment rates compared to pre-Covid level
Evolution of vacancies and real wages
In most countries, there are more vacancies than before the pandemic, despite some correction in recent quarters
In Q1 24, real wages grow in 29 countries, but remain below 2019 levels in 16 countries