Job creation is the centerpiece of the Lisbon Strategy. In order to achieve the Lisbon targets it is essential to analyse the functioning of labour markets and to review labour market reforms in line with the Broad Economic Policy Guidelines.
The LMWG should within the framework of the Broad Economic Policy Guidelines (BEPGs):
Contribution to the work is expected from the Commission as well as Member States. The LMWG should also draw on related work carried out by other institutions such as the OECD.
The Group provides analysis, including on a cross-country basis, for the following purposes:
Furthermore, the Group discusses the annual review of labour market developments and wage trends.
Interactions with the work carried out by other groups
The working group should maintain close and efficient cooperation with other EPC working groups, in particular the Country Reviews Working Group, the Working Group on Methodology to assess Lisbon related structural reforms (LIME), the Ageing Working Group, as well as the Ad Hoc Group of the Employment Committee (EMCO).