The Organisation for Economic Co-operation and Development (OECD) have released predictions unemployment figures by 2014.
The Employment Outlook 2013 indicates that jobless rates in the 34 OCED countries will only fall slightly over the next 18 months – with around 48 million people out of work by the end of 2014.
Job losses and loss of earnings are concentrated on low skilled and low-income households, with young people facing record unemployment rates in many countries (60% in Greece and 52% in South Africa)
“The social scars of the crisis are far from being healed,” said OECD Secretary-General Angel Gurría at the launch of the report.
“Many of our countries continue to struggle with high and persistent unemployment, particularly among youth. Therefore, the recent commitment by OECD Ministers to do more to help youth, as set out in the OECD Action Plan for Youth, is an essential tool in our fight against the scourge of joblessness.”
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