Labour markets are stabilising among G7 countries, according to a report from the Organisation for Economic Co-operation and Development (OECD).

The report says that labour market indicators in G7 countries which includes Canada, the US, France, Germany, Italy, Japan and the UK, have now stabilised and adds that following a sharp increase during the recession, the unemployment rate has probably peaked in the United States, while the increase in unemployment has been milder in the Euro area.