Watch the webcast of the press conference | The Covid-19 pandemic is turning into a jobs crisis far worse than the 2008 crisis. Women, young people and workers on low incomes are being hit hardest, according to a new OECD report and unemployment statistics released today. The OECD unemployment rate edged down to 8.4% in May 2020, after an unprecedented increase of 3.0 percentage points in April, to 8.5%, the highest unemployment rate in a decade. In February 2020, it was at...

10/07/2020 - OECD Secretary-General Angel Gurría announced today to the OECD Council that he will not be seeking an additional mandate to lead the Organisation. He has issued the following statement: “During the 14 years that I have been leading the OECD, I have strived to make it more visible, more relevant, more impactful, more efficient. All to better serve our Members, first and foremost, as well as our Partner countries. In the context of the worst pandemic since the ‘Spanish flu’...

This interview of Yvonne Bendinger-Rothschild, the Executive Director of EACCNY, was featured in Transatlantic Business & Investment Council's (TBIC) market insight on FDI-related developments in Europe for July 2020. Yvonne joined the European American Chamber of Commerce New York Chapter (EACC) as its Executive Director in October 2010. The EACC's goal is to stimulate transatlantic trade & business development, and to facilitate exchange and develop relationships between European and American businesses and professional organizations. As part of her role, she focuses on providing EACC’s...

Main results Economic impact of COVID-19 and recovery measures Ministers exchanged views on the progress achieved on the implementation of measures to respond to the COVID-19 crisis at EU level. The European Commission and the European Central Bank (ECB) presented their assessment of the current situation. We are at a crucial moment in our response to the economic consequences of the COVID-19 crisis. We are stepping up our efforts to make sure that companies, employees and member states can access the funds...

Improving drivers’ working conditions Clear rules on posting of drivers Better enforcement to fight illegal practices Parliament backs revised rules to improve drivers’ working conditions and stop distortion of competition in road transport. MEPs endorsed all three legal acts without any amendments, as adopted by EU ministers in April 2020. The political agreement with the Council was reached in December 2019. The revised rules for posting of drivers, drivers’ driving times and rest periods and better enforcement of cabotage rules (i.e. transport...

To become climate-neutral by 2050, Europe needs to transform its energy system, which accounts for 75% of the EU's greenhouse gas emissions.  The EU strategies for energy system integration and hydrogen, adopted today, will pave the way towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and a stronger economy. The two strategies present a new clean energy investment agenda, in line with the Commission's Next Generation EU recovery package and the European Green Deal....

The COVID-19 pandemic is devastating labor markets across the world. Tens of millions of workers lost their jobs, millions more out of the labor force altogether, and many occupations face an uncertain future. Social distancing measures threaten jobs requiring physical presence at the workplace or face-to-face interactions. Those unable to work remotely, unless deemed essential, face a significantly higher risk of reductions in hours or pay, temporary furloughs, or permanent layoffs. What types of jobs and workers are most at...