Friday, 18th May 2012
Short-term labour market outlook and key challenges in G20 countries
Source: Organisation for Economic Co-operation and Development
From the report:
The purpose of this note is threefold: (i) to provide an update of the most recent employment and labour market developments; (ii) to highlight selected key structural issues in G20 labour markets and the policy challenges to address them; and (iii) to present key youth labour market outcomes.
As indicated in the IMF World Economic Outlook (April 2012) and in the forthcoming OECD Economic Outlook projections, the short-term economic prospects have improved relative to the situation prevailing in late 2011, but indicators still suggest a fragile recovery.
The lingering employment crisis is exacerbating structural challenges in the form of high and mostly rising youth unemployment and a rising incidence of long-term unemployment. The jobs crisis is also bearing negatively on consumer demand and on household behaviour, putting additional pressures on the recovery.
+ Link to full report (PDF; 1.43 MB)
By Peggy Garvin
Peggy Garvin, of Garvin Information Consulting, is the author of United States Government Internet Directory (Bernan Press) and Real World Research Skills, 2009 (TheCapitol.Net). In her 20 years in the information business, Peggy has managed electronic information products and services in a variety of environments, including commercial publishing, e-commerce, law firms, and the Congressional Research Service of the Library of Congress. Peggy's work has been recognized with the 2011 SLA Dow Jones Leadership Award. She has a Masters of Library Science degree from Syracuse University School of Information Studies.
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