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OECD’s criticism of low labour force participation of older people

Published: July 7, 2010; 00:00 · (Vindobona)

In Austria, the labour market has weathered the global economic crisis better than most other OECD countries.

OECD’s criticism of low labour force participation of older people / Picture: © OECD

However the low participation of older people still poses a major challenge according to the current employment outlook of the Organization for Economic Cooperation and Development (OECD).

Unemployment increased from 3.7 to 4.1 percent (by ILO standards), between April 2008 and April 2010. In the whole OECD area, unemployment rose from 5.7 to 8.7 percent in the same period. In…

This article includes a total of 271 words.

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