Thursday, May 26, 2011

Unemployment Crisis Puts Global Recovery At Risk, OECD Says



By Janell Ross – HuffPost Business
Global recovery might be under way, but so long as unemployment remains elevated worldwide, recovery will remain fragile at best, a new report finds.
Since the recession shook economies around the world, most countries have returned to modest levels of growth. Sustaining that recovery, however, will require jobs for some of the more than 50 million who can't find work in the world's most developed economies, according to the Paris-based Organization for Economic Co-operation and Development's latest Economic Outlook report.
"This is a delicate moment for the global economy, and the crisis is not over until our economies are creating enough jobs again," OECD Secretary-General Angel Gurría said in a statement.

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