2017 labor market predictions
Craig Riddell, Pierre Cahuc, Ulf Rinne, Daiji Kawaguchi, Alex Bryson, Daniel Hamermesh
In the US Donald Trump begins his presidency. Next door Canada experiences sluggish growth and a weak labor market which will worsen if Trump attempts to renegotiate or pull out of NAFTA. Across the Atlantic, anti-immigration populist movements are gaining momentum in Europe. This is especially critical in France and Germany who have upcoming presidential and federal elections respectively. Adding further complications to the future of Europe is Britain, due to begin Brexit negotiations this year. Changing demographics will continue to impact the labor market, especially in Japan where married women and the elderly increase their labor force participation.
We’ve asked six economists from different countries to offer their labor market predictions for the upcoming year. Read the full predictions.
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