13/09/2011
Degree Holders Keep Jobs - OECD
A report from an influential development organization has revealed that those with degrees were more likely to keep their jobs during the financial crisis.
The Organisation for Economic Co-operation and Development (OECD) said in a report on Tuesday into education that people with university degrees had suffered far fewer job losses during the global economic crisis than those who left school without qualifications.
According to the latest edition of the OECD’s annual Education at a Glance, good education and skills were "crucial" to improving a person’s economic and social prospects.
“The cost to individuals and society of young people leaving school without a qualification keeps rising,” said OECD Secretary-General Angel Gurría. “We must avoid the risk of a lost generation by all means. Despite strained public budgets, governments must keep up their investment to maintain quality in education, especially for those most at risk.”
Unemployment rates among university graduates stood at 4.4% on average across OECD countries in 2009. But people who did not complete high school faced unemployment rates of 11.5%, up from 8.7% the year before.
"This adds to the huge problem of youth unemployment that today exceeds 17%."
Last week, it was revealed that the proportion of young people who get a degree in the UK now stands at 35%, less than half the level in the world’s leading nation, Finland.
In 2000, Britain was third in the league table of graduates but, by 2008, we had slipped to 15th behind countries such as Slovakia, Portugal, Poland and Ireland.
(DW/CD)
The Organisation for Economic Co-operation and Development (OECD) said in a report on Tuesday into education that people with university degrees had suffered far fewer job losses during the global economic crisis than those who left school without qualifications.
According to the latest edition of the OECD’s annual Education at a Glance, good education and skills were "crucial" to improving a person’s economic and social prospects.
“The cost to individuals and society of young people leaving school without a qualification keeps rising,” said OECD Secretary-General Angel Gurría. “We must avoid the risk of a lost generation by all means. Despite strained public budgets, governments must keep up their investment to maintain quality in education, especially for those most at risk.”
Unemployment rates among university graduates stood at 4.4% on average across OECD countries in 2009. But people who did not complete high school faced unemployment rates of 11.5%, up from 8.7% the year before.
"This adds to the huge problem of youth unemployment that today exceeds 17%."
Last week, it was revealed that the proportion of young people who get a degree in the UK now stands at 35%, less than half the level in the world’s leading nation, Finland.
In 2000, Britain was third in the league table of graduates but, by 2008, we had slipped to 15th behind countries such as Slovakia, Portugal, Poland and Ireland.
(DW/CD)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
13 September 2013
OECD Report Must Wake Govt Up Over The Jobs Crisis - Calleary
Fianna Fáil Spokesperson on Jobs, Dara Calleary, has said the OECD report published must wake the Government up from its complacency over the jobs crisis, in particular the deeply worrying levels of long-term unemployment and youth unemployment.
OECD Report Must Wake Govt Up Over The Jobs Crisis - Calleary
Fianna Fáil Spokesperson on Jobs, Dara Calleary, has said the OECD report published must wake the Government up from its complacency over the jobs crisis, in particular the deeply worrying levels of long-term unemployment and youth unemployment.
24 September 2013
Call For Govt To Wake Up From Its Complacency Over The Jobs Crisis
In light of the recent publication of the worrying OECD report, Fianna Fáil Senator Thomas Byrne has called on the Government to wake up from its complacency over the jobs crisis. "Earlier this year, I voiced my concern about the fact that the IDA did not visit Co. Meath at all last year.
Call For Govt To Wake Up From Its Complacency Over The Jobs Crisis
In light of the recent publication of the worrying OECD report, Fianna Fáil Senator Thomas Byrne has called on the Government to wake up from its complacency over the jobs crisis. "Earlier this year, I voiced my concern about the fact that the IDA did not visit Co. Meath at all last year.
27 April 2012
Higher Education Strategy For NI Launches
Employment and Learning Minister, Dr Stephen Farry today addressed members of the Assembly to launch 'Graduating to Success - A Higher Education Strategy for Northern Ireland'.
Higher Education Strategy For NI Launches
Employment and Learning Minister, Dr Stephen Farry today addressed members of the Assembly to launch 'Graduating to Success - A Higher Education Strategy for Northern Ireland'.
10 August 2006
New jobs initiative for south and east Belfast
An new initiative aimed at improving the chances of around ten long term unemployed people of finding jobs within the South and East Belfast Trust is to be launched next month.
New jobs initiative for south and east Belfast
An new initiative aimed at improving the chances of around ten long term unemployed people of finding jobs within the South and East Belfast Trust is to be launched next month.
04 April 2017
Unemployment Figures Fall Between February And March
New figures have revealed official unemployment numbers have dropped 0.2% between February and March. The Central Statistics Office (CSO) publication states the official unemployment rate has fallen from 6.6% to 6.4%, and from 8.3% compared with March last year.
Unemployment Figures Fall Between February And March
New figures have revealed official unemployment numbers have dropped 0.2% between February and March. The Central Statistics Office (CSO) publication states the official unemployment rate has fallen from 6.6% to 6.4%, and from 8.3% compared with March last year.