Unemployment ‘won’t fall till 2015’

P(ANSA) – Paris, May 6 – The OECD forecast Tuesday that Italy’s high unemployment rates will not start coming down until 2015 after the country emerged from its longest postwar recession in the second half of last year. “Unemployment will drop in 2015, but only slowly, because the first impact of the increase in labour demand will probably by more hours worked (by people already employed),” the OECD said in its economic outlook. It forecast an unemployment rate of 12.8% in 2014, compared to 12.2 last year, and 12.5% in 2015.BR/P
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