Wednesday, September 16, 2009

OECD Note on French Unemployment

The OECD's note on French unemployment can be consulted here. Young workers have been most severely affected by the crisis, with a jump in the youth unemployment rate from roughly 18% in 2007q4 to 24% in 2009q2. But "the social consequences of the jobs crisis could be less severe in France than in many other OECD countries" owing to a superior social safety net.

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