OECD urges member nations to act boldly to combat unemployment, saying joblessness is 'stubbornly high' and is forecast to remain so; OECD members had 44 million unemployed people in mid-2011, 13 million more than before the financial crisis
September 15, 2011
– The Organization for Economic Cooperation and Development is urging governments to act more boldly to stop a rise in long-term unemployment and keep young and vulnerable workers in the job market.
The Paris-based body says unemployment remains "stubbornly high" and is forecast to remain anemic in its member nations, which include the United States and leading rich countries.
In a report released Thursday, the OECD says its members had 44 million people registered unemployed in mid-2011 -- 13 million more than before the financial crisis.
It says "governments cannot stand still," and warns of high unemployment becoming entrenched. It says well-designed hiring subsidies and help for the most vulnerable should be priorities.
The OECD chief praised a jobs package in the United States that President Barack Obama is pushing.
© 2020 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.