What the papers say


Associated Press

Rich country unemployment may have peaked
Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the crisis, the OECD said Wednesday.

Agence France Presse

Joblessness may have peaked but millions still at risk: OECD  
Unemployment may have peaked in the industrialised world but millions of people could still lose their jobs as governments slash spending, the OECD warned Wednesday.


Job creation top priority, says OECD  
Unemployment in rich economies may have peaked, but 17 million new jobs were needed to return to pre-crisis employment levels, a group has said.

How high will unemployment go? Interview with OECD’s Gurría (BBC World Service radio)

The Economist

Hoard instinct  
Germany's gross domestic product fell by 4% in the two years to the end of 2009, twice as much as in America. Yet its employment rose by 0.7% while America’s plunged by 5.5%.

Foreign born labour
As economies across the developed world fell into recession in 2008, legal permanent immigration to the mostly rich members of the OECD declined by 6%, after five years during which growth averaged 11%.

Financial Times

OECD warns on long-term jobless
Unemployment levels worldwide are set to remain high amid increasing fears that some elements of joblessness could become entrenched and even more difficult to solve, the Organisation for Economic Cooperation and Development warned on Wednesday.


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