Recession left ‘significant scars’ in labour market

THE Government has been accused by a top international think-tank of not doing enough to help the long-term unemployed.

The Organisation for Economic Co-operation and Development (OECD) said the Irish economy is now stabilising but the recession left “significant scars” in the labour market that will take time to heal.

The OECD believes that wage flexibility has a crucial role to play in boosting the demand for Irish workers and to prevent unemployment from persisting at high levels.