OECD: Crisis cost rich countries 17 million jobs
PARIS (AP) - July 8, 2010 -- An international watchdog says unemployment in rich countries may have peaked - but they must create 17 million jobs if they want to return to pre-crisis employment levels.
The U.S. accounts for more than half of the jobs deficit - with 10 million missing jobs.
In Europe, Ireland needs to create one job for every five that exist today - 320,000 positions - to reach 2007 levels and Spain has lost 2.5 million jobs, according to the Organization for Economic Cooperation and Development.
The OECD said in a report released Wednesday that there are 47 million unemployed in its 31 member countries - the world's most developed economies.
The report says including those who have given up looking for work or who are underemployed, the figure could be as high as 80 million.
unemployment, paris, business/finance
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