The outlook looks at the latest labour market developments and prospects in OECD member countries. This edition highlights that the geography of opportunity matters. The places where people live shape their chances of finding good jobs and moving up the income ladder, with large and persistent gaps in employment, unemployment and disposable incomes being present across regions.

Local labour markets are also being reshaped by trade and technology shocks, including artificial intelligence, with some losing manufacturing jobs while others are creating more service jobs and non-routine work. The effects of these shocks play out differently for people, places and firms depending on their local context. The report highlights the need for policies that support regions and help workers adapt to change.

Key findings

• Labour markets continue to be resilient, even as signs of weakening emerge.
• Where people live has a big impact on their employment opportunities.
• Real wages are still under pressure in many countries despite recent growth.

The outlook is provided with a country note on Australia.