Has Unemployment Peaked in Rich Countries?
July 7, 2010 by admin
Filed under Career News and Advice
PARIS (AP) — Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the crisis, the OECD said Wednesday.
They are “the human cost of the crisis,” OECD chief Angel Gurria said, urging governments not to neglect them as they seek to repair wrecked balance sheets.
The longer a person is unemployed, the harder it typically becomes for them to gain paid employment.
“This threatens to mark whole generations,” Gurria said in a news conference to mark the publication by the Organization for Economic Co-operation and Development of the report ‘Employment Outlook 2010.’
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