7/20/2015 – For millions, the recession is hardly over (CBS Moneywatch)

Jul 20, 2015 Comments Off by

The global economy is improving. Just don’t tell many of the people who live and work in it. That’s according to the Organization for Economic Co-operation and Development (OECD), which has published a report about the labor conditions of its nearly three dozen member countries, including the U.S., Japan, and European countries such as the U.K. While economic conditions have generally improved, the recovery is far from complete, and remains uneven across countries.One of the ailments of today’s job market is a shift toward part-time work, leaving millions of workers earning less and with fewer opportunities for job growth, the report noted. About 43 million people across the OECD countries are unemployed, or 11 million people more than before the financial crisis. Long-term unemployment is still “unacceptably high,” and some in this group, especially young workers, may have become disengaged from the labor market.

Read the full article in CBS MoneyWatch.


Financial Landing 2015

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