Lunedì, 22 Ottobre 2018

OECD calls for structural changes to employment problems


Paris, May 30 - Countries such as Italy must do
much more to boost employment among young people, or risk
forever losing their contributions to the economy, the OECD
warned Thursday.
The Organization for Economic Co-operation and Development
noted that the jobless rate is rising in Italy and across
Europe, and said that the longer this problem continues, the
worse it will get.
Governments must act fast to boost employment for people
between ages 15 and 24, as well as devise answers to the
structural employment problems in their economies, said the
The longer-term solutions will likely involve reforms to
education and training programs.
The Paris-based agency said that in Italy, 21.5% of those
under 25 years of age are out of work and not involved in
education or training.
Only three other countries have a larger problem: Greece
and Spain, which have a 50% youth jobless rate, and Portugal
with a 40% youth jobless rate.
And the numbers don't capture the full impact, or
"scarring" effect that could make it permanently hard for such
people to ever find stable, skilled employment and thus,
contribute fully to the economy, warned the OECD.

photo: OECD chief Angel Gurria

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