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OECD sees increasing joblessness
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Posted on
Jul 03 2008 4:28 AM
by
adeal
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The number of unemployed will jump by 1 million people in rich nations this year and double that in 2009 as global economic growth slows, the Organization for Economic Cooperation and Development predicted. Rising joblessness will lift the average unemployment rate of the OECD's 30 nations to 6 percent next year, the same as in 2006, from 5.6 percent last year, the Paris-based organization said yesterday in an annual report. It predicts a rate of 5.7 percent this year.
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