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The UK economy continues to recover slowly with GDP growth expected to approach 1% in 2013 and 1.5% in 2014. The unemployment rate has been around 8%, significantly higher than its level before the recession, since 2010, and is not expected to fall rapidly
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Germany’s labour market continues to perform well in comparison with other major developed economies.
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High levels of unemployment are set to continue in Spain. The harmonised unemployment rate in Spain is the second highest in the OECD area (26.9% in May 2013), only exceeded by Greece (27%) and well above the OECD average (8%).
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The Korean labour market continues to perform well after a quick recovery from the global economic crisis.
Governments should 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. The young are at most risk of long-term damage to their careers and livelihoods, said Angel Gurría.
Employment: OECD sees high jobless rates continuing - more must be done urgently to boost job creation and help jobseekers
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Breaking down barriers to gender equality in education, employment and entrepreneurship would create new sources of economic growth and help make better use of everyone’s skills, according to this new OECD report.
Breaking down barriers to gender equality in education, employment and entrepreneurship would create new sources of economic growth and help make better use of everyone’s skills, according to a new OECD report.
The OECD has launched its Skills Strategy to help governments build economic resilience, boost employment and reinforce social cohesion. Despite the pressure on public finances, spending on education and skills is an investment for the future and must be a priority.
More than ever promoting the creation of sufficient quality jobs for the many unemployed and under-employed, including many youth, is the key policy priority for all G20 countries said A. Gurría, OECD Secretary-General.