While the global economy continued to recover from the pandemic, much of the growth over the third quarter of 2021 softened due to uncertainties surrounding the delta variant, a slowdown in fiscal measures, rising inflation, and the continued shortage of labor.
Because of the increased demand for workers, the unemployment rate among OECD countries fell by 0.53 percentage points to 5.97 percent in the third quarter of 2021.
What does this mean for the global labor market going forward?
