Labour shortages have risen across OECD countries, here's how to plug the gaps

Dec 2, 2022

Labour shortages have been on the rise in a number of advanced economies. Image: Unsplash/ryoji__iwata

Emilia Soldani

Economist, Organisation for Economic Co-Operation and Development

Orsetta Causa

Senior Economist, Organisation for Economic Co-Operation and Development

Nhung Luu

Consultant, Economics Department, Organisation for Economic Co-Operation and Development

Michael Abendschein

Economist, Organisation for Economic Co-Operation and Development

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Workforce and Employment

Figure showing the job vacancies per unemployed for OECD total and selected countries

USA has seen the most significant rise of job vacancies per unemployed. Image: CEPR

Figure showing the seasonally adjusted quarterly job vacancy rates

The seasonally adjusted quarterly job vacancy rates Image: CEPR

Figures showing the job vacancy rates across industries

Accommodation and food services have the highest job vacancy rates as an industry. Image: CEPR

Figure showing the quit rates across countries

Sweden has the highest quit rate amongst the OECD countries. Image: CEPR

Figure showing the quit rates and hourly earnings across industries in the US

Quit rates are strongly negatively correlated with wages pre-pandemic across industries. Image: CEPR

Figure showing the seasonally adjusted data for vacancy and quit rates across industries in the US

Seasonally adjusted data for vacancy and quit rates across industries in the US. Image: CEPR

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