Number of people unemployed for over a year continues to rise

According to the OECD’s latest Employment Outlook the proportion of jobseekers who have been out of work for over a year increased from 24.2% to 32.4% between 2009 and 2010.
In Europe, Spain, Ireland and the United Kingdom are among the worst hit, with the proportion of long-term unemployed rising between 2009 and 2010 from 30.2 to 45.1% in Spain, 29 to 49% in Ireland and 24.5% to 32.6% in the United Kingdom. In the major OECD economies, long-term unemployment has fallen only in Germany.

The document also points out that helping young people must be a priority. In the first quarter of 2011, the unemployment rate for people aged 15 to 24 was 17.4 per cent in the OECD area, compared with 7 per cent for adults aged 25 and over. Targeting youth will reduce the risk of young people falling into long-term unemployment and losing touch with the job market.

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