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Youth unemployment was 21.9% in the UK in March 2012, the second highest rate of G8 countries after Italy. This is close to its 20-year peak of 22.4% at the end of 2011.
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America.
Young people continue to bear the brunt of the jobs crisis, with nearly 11 million 15 to 24 -year-olds out of work in OECD countries in early 2012. Youth unemployment in the OECD area in March 2012 was 17.1%, close to its November 2009 peak of 18.3%
How to optimise the skills of the labour market to anticipate business demand and promote growth and social cohesion in these times of record unemployment?
The OECD area employment rate was 64.9% in the fourth quarter of 2011, according to new quarterly labour market statistics from the OECD.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to regained momentum in the OECD area but with divergence between economies.
The OECD’s Task Force on Tax and Development, meeting in Cape Town, South Africa, launches Tax Inspectors Without Borders/ Inspecteurs des impôts sans frontières – a new initiative to help developing countries bolster their domestic revenues by making their tax systems fairer and more effective.
Consumer prices in the OECD area rose by 2.7% in the year to March 2012, compared with 2.8% in the year to February 2012.
OECD Secretary-General Angel Gurría launched today the Transport Outlook 2012 during the Annual Summit of Transport Ministers from the 53 member countries held in Leipzig, Germany.
Korea has weathered the shocks triggered by the global recession and its economy is recovering more quickly and vigorously than most other OECD countries.