[QODLink]
Europe
Europe unemployment to continue in 2013
Unless leaders fix failing economies, a whole generation may be lost forever to the job market, report says.
Last Modified: 10 Jul 2012 21:49

Unemployment in advanced economies will remain high until the end of next year, according to the Organisation for Economic Co-operation and Development (OECD).

The report says the jobless rate will be at 7.7 per cent by the end of 2013, with around 48 million people out of work.

In Greece and Spain, where crippling national debt levels and spending cuts have resulted in a downward spiral of recession, the danger is that those unemployed now may become a permanent structural part of the European economy.

Al Jazeera's Simon McGregor Wood reports from Paris.

90

Source:
Al Jazeera
Topics in this article
Country
Organisation
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps will be released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.