OECD Employment Outlook 2011

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2011 OECD Employment Outlook:

The OECD Employment Outlook provides an annual assessment of labour market developments and prospects in member countries. 

 Did you know? 

Youth were hit disproportionately hard by the recession. In the first quarter of 2011, the unemployment rate for young people (aged 15 to 24) was 17.4% in the OECD area compared with 7% for adults (aged 25 and over). Youth who are neither in employment nor in education or training are a group at high risk of marginalisation and exclusion from the labour market, especially the longer they remain outside the world of work. Investing in youth and giving them a better start in the world of work should be a key policy objective. Otherwise, there is a high risk of persistence or growth in the hard-core group of youth who are left behind, facing poor employment and earnings prospects.

 Youth (15-24) and adults (25-54) unemployment rates, 2011 Q1

 Country notes

• Australia
• Canada (in French)
• France (in French)
• Germany (in German)

• Italy (in Italian)
• Japan (in Japanese)
• Korea (in Korean)
• Mexico (in Spanish)

• Spain (in Spanish)
• United Kingdom 
• United States 

 Press material

• Press release 
• Mr. Angel Gurría, OECD Secretary General:
  

  "One of the most worrying features of the present situation is the steep rise in the number of people who have been unemployed for a year or more in some countries. Before the crisis, long-term unemployment affected 4 out of 10 unemployed people in France and Germany but it was less of a problem in Spain and the UK, and affected only one in ten unemployed in the US."
  » Read the full Speech

 Further reading 

• Right for the Job: over-qualified or under-skilled? (Working Paper, Sept 2011)
• Over-qualified or under-skilled: a review of existing literature (Working Paper, Sept 2011)
• Aggregate earnings and macroeconomic shocks: the role of labour market policies and institutions. (Working Paper, Sept 2011)
• Summaries of this book are available in 22 languages. Access the full list here.
• Previous editions of the Employment Outlook

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