OECD sees no end to jobs crisis as economy struggles
| Reuters
The jobless rate in the 34-country OECD area will still be stuck
at 7.7 percent at the end of next year, close to this May's 7.9 percent
rate and leaving 48 million people out of work, the Organisation for
Economic Cooperation and Development said in 2012 Employment Outlook.
The recent deterioration in the economic outlook was very bad news
for the labour market, OECD Secretary-General Angel Gurria said.
"It is imperative that governments use every possible means at their
disposal to help jobseekers, especially young people, by removing
barriers to job creation and investing in their education and skills,"
said Gurria. He presented the report in Paris, where the think tank is
headquartered.
...
Indeed, the OECD is worried that the drop in low-skilled
jobs is a permanent, structural phenomenon that will not be reversed
when growth resumes.
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