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This model shows that a large scale role out of the activation program decreases welfare, while a standard partial microeconometric cost-benefit analysis would conclude the opposite.
It also provides an overview of the evidence emerging from PISA 2009 on the performance and socio-economic background of children of immigrants. Selective migration policies of certain countries and the attractiveness of these countries generally to highly educated migrants is also explored.
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Ireland’s workers suffered badly during the economic and financial crisis. The unemployment rate more than tripled from 4.6% in Q1 2007 to its peak of 15.1% in Q4 2011. The situation was even more drastic for 15-24 year olds. The youth unemployment rate rose from 8.8% to just over 31% in the first half of 2012, with a substantial increase in the number of youth not working and not in education or training.
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At 6.2% in July, the US unemployment rate is back where it was in September 2008 when the bankruptcy of Lehman Brothers signalled an intensification of the recession that had already been underway since the end of 2007.
OECD Employment Outlook 2012: chapter summaries
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The US labour market continues its slow recovery from the 2008-09 recession, but the unemployment rate remains significantly higher than before the financial crisis
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The UK economy has been broadly flat over the past two years. Employment has risen slightly, while the unemployment rate has stayed close to 8%. Projections in the 2012 OECD Employment Outlook foresee some increase in the unemployment rate that could even reach 9% in 2013.
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Despite some decline in the number of registered unemployed in June, high levels of unemployment in Spain are set to persist in the short-run, given its weak economic growth prospects.
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Mexico has experienced a stronger economic recovery than most other OECD countries accompanied by strong employment growth.
English, PDF, 112kb
The Korean labour market continues to perform well after a quick recovery from the global economic crisis. Korea’s unemployment rate was 3.2% in May 2012, 0.2% point lower than a year earlier, and nearly down to its pre-crisis level of 3.1%.