Employment Outlook 2015

(CC) Chris Potter / FlickrThe OECD has just published the “Employment Outlook 2015.”

According to the study the jobs recovery is slowly gathering pace, but employment will remain well below pre-crisis levels in many countries, especially in Europe, through to the end of 2016.

The study forecasts that unemployment in the 34 OECD countries is projected to continue declining over the next 18 months to reach 6.5% in the last quarter of 2016. It will remain above 20% in Greece and Spain.

Major concerns are long-term unemployment that remains unacceptably high and also the high and persistent youth joblessness level.

Moreover, the Outlook finds evidence that a person’s long-term career prospects are largely determined in the first ten years of working life.

The full OECD Employment Outlook 2015 report is available for the IESE Community here.