| OECD: Youth remains most vulnerable to unemployment in Turkey |
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08/07/2010 12:15 (583 Day 22:53 minutes ago) | |||||
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The FINANCIAL -- Youth unemployment in Turkey rose to 25.3 percent last year, up from 20.5 percent in 2008, a recent report by the Organization for Economic Cooperation and Development (OECD) has shown.
"The OECD released its latest Employment Outlook report on Wednesday. According to the report, young adults suffer the most from high unemployment in Turkey. Youth unemployment surged to 25.3 percent last year, up from 20.5 percent the preceding year, while this was 15 percent back in 1999. The overall long-term (one year or more) unemployment figure stood at 25.3 percent in 2009, slightly less than the 2008 level of 26.9 percent. In 2008 and 2009, 916,000 people lost their job, the report read. Last year the unemployment figure was 14.3 percent, up from 11.2 percent in the preceding year," Today's Zaman says.
The OECD report showed that only 24.2 percent of women are in the workforce. People aged between 55 and 64 account for 28.2 percent of those employed in Turkey. The adverse impact of the global financial crisis was greatest in Turkey and Russia, the report read. Unemployment peaked in the OECD area, reaching 8.6 percent in May 2010. OECD countries need to create 17 million jobs to get employment levels back to where they were before the crisis, according to the OECD report. “Creating jobs has to be a top priority for governments,” said OECD Secretary-General Angel Gurria, releasing the report in Paris yesterday.
“Despite signs of recovery in most countries, the risk remains that millions of people may lose touch with the labor market. High joblessness as the new normal cannot be accepted and has to be tackled by a comprehensive policy strategy.” According to the report, there are currently 47 million unemployed people in the OECD area. “But taking into account people who have given up looking for work or are working part-time but want to work fulltime, the actual number of unemployed and underemployed in OECD countries could be about 80 million,” the report read.
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