By : Wael Elhosany
The unemployment rate in the OECD stabilised at 5.0% in May 2022 – its lowest level since the series began in 2001 (Figure 1, Table 1).
The May unemployment rate was below or equal to the pre-pandemic rate in two thirds of OECD countries (Figure 2). The number of unemployed workers in the OECD remained broadly stable at 33.8 million (Table 2).
The OECD unemployment rate for women rose marginally for the first time since December 2020 (Table 3). The unemployment rate for men and for workers aged 25 and above was stable, while it continued to decline among younger workers (aged 15 to 24) (Tables 3 and 4).
In the euro area, the unemployment rate fell slightly, to 6.6% in May from 6.7% in April, and was stable in one-third of euro area countries. The largest declines within the euro area were observed in Italy, Lithuania and Spain and the largest increases in Austria, Belgium, and Portugal.
In June 2022, the unemployment rate remained stable, at 3.6% for the fourth consecutive month, in the United States while it declined further in Canada to 4.9%.
At the onset of the war in Ukraine, both the employment and the labour force participation rates in the OECD were at their highest levels since the start of the series in 2005 and 2008 respectively. The OECD employment rate, which is the percentage share of the working-age population with jobs, including both employees and self-employed, climbed to 69.0% in the first quarter of 2022 (Figure 3). The employment rate increased in 90% of OECD countries (Table 5).
The OECD labour force participation rate – the share of the working-age population that is either employed or unemployed – hit 72.9% in the first quarter of 2022, reaching the level recorded in the fourth quarter of 2019 for the first time (Figure 4 and Table 6).
Dulsco acquires Parisima Talent as part of an expansion plan
By : Bakinam Khaled
Dulsco, the leading provider of integrated People and Environmental solutions, today announced that it has acquired Parisima Talent Ltd, an award-winning, strategic talent acquisition business in UAE, to enhance its competitiveness talent solutions in the region.
The purchase of Parisima Talent Ltd, which also operates in the GCC and UK, further increases Dulsco’s share in the outsourcing and permanent placement market. “This acquisition is aligned with our strategy to develop our professional staffing business further, and we believe the joint capability will be extremely exciting and transformational in meeting our client’s needs. The culture and commitment of both teams are a great fit,” said David Stockton, Dulsco CEO.”
With a proud history of nation-building services dating back to 1935, Dulsco is synonymous with leading manpower solutions. Combining Parisima Talent’s well-known brand and expertise in embedded talent with Dulsco’s Outsourcing and Permanent placement offering will accelerate growth both in the UAE and across the GCC. The newly combined entity will see Parisima Talent become part of the Dulsco Group and continue to build on its industry standing in the Recruitment Process Outsourcing, Permanent Placement, Assessment and Contract Staffing solutions.
Tim Taylor, RPO Director, Parisima stated: “Dulsco’s heritage and vision is inspirational and we are thrilled to be coming together. We sought a buyer who really understands the value Parisima brings to its clients and is committed to both its legacy and future potential.”
Parisima will be led by Tiago Costa, Dulsco’s Chief Operating Officer for Outsourcing & Permanent Placement.
