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The new OECD Employment Outlook outlines progress made in the struggle against unemployment. The OECD unemployment rate, which reached a historic 8.5% in October 2009, and which seemed stuck at 7.9% in 2011-2013, fell to 7.3% in June of this year. According to our projections, this average will decline slightly to 7.1% by the end of 2015. Nevertheless OECD average unemployment rate, even at 7.1%, is still well above the pre-crisis level of 5.6% (in 2007).
In his remarks Angel Gurría, Secretary-General, OECD noted that sound macroeconomic policies complemented with structural policy reforms could boost growth and employment. According to him, gaps in employment protection, especially between permanent and temporary workers, should be addressed, and more focus more should be put on the quality of jobs.
Launch of the 2014 Employment Outlook, Remarks by Angel Gurría, Secretary-General, OECD
OECD Employment Outlook 2014