"200 million people are out of work worldwide, close to the peak recorded at the depth of the Great Recession" warn OECD and ILO at the G20 Labour and Employment Ministers meet in Paris.
The global economy is recovering but youth unemployment is getting worse. Young people are more than twice as likely to be unemployed as the average worker, yet few governments are taking proactive steps to boost youth employment.
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to the OECD.
The US should raise significantly federal funding on jobs programmes for young people in order to limit the impact of the economic downturn on the current generation of school leavers, according to a new OECD report.
Secretary-General Gurría called for the need to agree on common international targets in areas such as innovation and green growth predicting "they could become the overarching umbrella for the G20 Framework’s structural agenda".Gurria's remarks to G20 leaders reflected the fact that the focus on structural policies will constitute the principal element of the OECD's contribution to future work on the G20 Framework Strong, Sustainable
Unemployment in OECD countries will continue to rise well into 2010, with the average unemployment rate approaching 10%, up from 7.8% in April, according to new OECD projections.
France should do more to ease the transition of unskilled young people into employment. The government should give priority to helping young people the furthest removed from the job market and to strengthening the social protection of the most disadvantaged, according to a new report by the OECD.
Governments must urgently adapt their labour market policies to help their most vulnerable citizens in the economic crisis.
Young people are likely to be hit hard by rising unemployment as the global downturn continues.
“Governments need to take quick and decisive action to avoid the financial crisis becoming a fully-blown social crisis with scarring effects on vulnerable workers and low income households,” OECD Secretary-General Angel Gurría told G8 Labour and Employment Ministers in Rome today.