U.S., Canada Need to Maintain Extra Unemployment Aid, OECD Says
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Countries like the U.S. and Canada may need to further extend jobless benefits to put a lid on long-term unemployment as the world economy emerges from the financial crisis, the Organization for Economic Cooperation and Development said.
Long-term job seekers in the U.S., now benefiting from a December extension in federal aid, make up an “unusually high share” of the 8.8 percent U.S. jobless rate, the OECD said.