REDUCE UNEMPLOYMENT

Reducing unemployment has become a top priority for economic policy in most industrialized nations. While unemployment will ebb somewhat as countries recover from the recent global recession, millions are likely to remain jobless for a variety of structural reasons. Moreover, there is a disturbing trend in many industrialized countries toward long term unemployment, especially among low skilled workers.

This trend has had less effect on measured unemployment in the United States than in Europe in part because U.S. None the less, virtually all industrial countries face a jobs problem that impairs living standards and threatens a breakdown in social cohesion.