OECD expects 25 million unemployed by 2010
The economic downturn is likely to cost as many as 25 million people their jobs by the end of 2010 as the unemployment rate nears a record 10% in the OECD group of countries, according to a report released on Wednesday (16 September).The Organisation for Economic Cooperation and Development said 15 million jobs were lost between the end of 2007 and July 2009 and 10 million more could go by the end of next year despite signs the economy is picking up.pAccording to official figures in the UK, one of Europe's youngest populations, youth unemployment has hit an all time low since 1997 with one in five young people now jobless.
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