Unemployment: The elephant in the room
2:35 PM, E.T. | October 4, 2011
Long-term unemployment of more than a year is a new feature of the growing problem of joblessness, according to the head of the Organization for Economic Co-operation and Development.
Angel Gurria, the secretary-general of the OECD tells BNN, that young people are more likely to suffer from a rise in unemployment. The average for youth unemployment is generally double the average unemployment rate.
“We can’t say we’ve overcome the crisis until we’ve made a dent in this,” he says.
Gurria says the employment services in many countries are simply not prepared to deal with large armies of people looking for work.
He credits South Korea, the Netherlands, Germany, Austria, Belgium, Turkey and Mexico, for having policies that make a difference. “It’s never too late to take the right policies. Use the space, if you have it or create the space if you don’t have it, even in tight budgets, in order to deal with the most vulnerable, the victims of the crisis -- who are these unemployed … particularly the youth, who are the hope for the future,” he says.