Editorial: Achieving a Sustainable Recovery ‐ What Can Labour Market Policy Contribute?
The OECD‐wide unemployment rate was 7.9% in May 2012, equivalent to around 48 million people out of work ‐ almost 15 million more than when the financial crisis began at the end of 2007. OECD economic projections from May 2012 indicate that job creation will continue to be weak in many OECD countries and that unemployment may remain around 8% in the OECD area at the end of 2013. The outlook is even more discouraging in the euro area, where unemployment is rising again and is projected to rise further before stabilising in 2013.
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Document Type: Review Article
Publication date: 01 July 2012