Reuters (06/26/12) Lucia Mutikani
The Organization for Economic Cooperation and Development says training programs are necessary to diminish the impact of long-term unemployment on the U.S. economy. The report from the Paris-based organization indicates that long spells of unemployment could boost structural unemployment, which it believes is close to 6% right now, by eroding workers’ skills and lessening their attachment to the labor force. According to the OECD, “Education and training are key to improving skills, (and) reducing mismatches between employer needs and work force skills.” To lessen jobless workers’ reliance on unemployment benefits, the OECD recommends programs that make them aware of job opportunities and assist in job searches, noting that the U.S. does not spend enough on re-employment services compared with other OECD countries.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.