Economics
Global Jobs Abound But Wage Gains Stay Soft
- Nine charts show trends common throughout club of rich nations
- Unemployment seen falling for sixth year in developed world
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While many workers of the world are rallying around the strongest labor market in at least a decade, lackluster pay growth is keeping their enthusiasm in check.
Jobless rates have been falling across the Group of Seven industrialized economies and are projected to ease further this year, albeit modestly, according to the Geneva-based International Labour Organization’s flagship worldwide employment and social outlook, released Jan. 22. Unemployment rates in emerging-market nations, meanwhile, are on the cusp of a turnaround after years of weak commodities prices.