High jobless rates could last years, O.E.C.D. warns, By Matthew Saltmarsh, September 16, 2009, New York Times: “Unless government programs for the unemployed are refined, there is a danger that high jobless rates will persist beyond 2010 in advanced economies, the Organization for Economic Cooperation and Development warned on Wednesday. ‘A recovery may be in sight,’ the group said in its annual employment outlook, referring to economic output. ‘But the short-term employment outlook is grim.’ The international organization said that unemployment among its 30 member nations would rise to nearly 10 percent by the end of 2010, above its previous post-1970 peak of 7.5 percent during the second quarter of 1993. Disadvantaged groups, like youths and immigrants as well as low-skilled and temporary workers, will bear the brunt of the increase…”
Poverty-related issues in the news, from the Institute for Research on Poverty