OECD Outlook: unemployment is rising sharply

As a result of the Coronavirus pandemic, the industry expects States organization, the OECD, even in the case of a favourable development in the fourth quarter,

OECD Outlook: unemployment is rising sharply

As a result of the Coronavirus pandemic, the industry expects States organization, the OECD, even in the case of a favourable development in the fourth quarter, with an unemployment rate up to 9.4 percent. That would be for the 30 member countries, the highest value since the global economic crisis of the 30s, such as the OECD said on Tuesday in its employment Outlook to 2020.

In may, the unemployment rate amounted to 8.4 percent. The 54.5 million people without a Job. Compared to April, the rate fell a tenth of a point. This would explain opposing trends: In the United States of America, many laid-off work returned in force, while in many other countries, unemployment increases, or to threaten to solidify.

this Would lead to a second wave of Infection, calculated by the OECD with a higher level of unemployment: the Organisation predicts an increase to 12.6 percent. By the end of 2019, the number stood at an average of 5.3 percent. The data also revealed that the unemployment of low-skilled, young people, migrants and women have been worst affected, says the study.

Updated Date: 07 July 2020, 20:19

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