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OECD unemployment rises

Unemployment in the Organisation for Economic Co-Operation and Development (OECD) area rose 2.2 percentage points over the past year to April 2009, according to the OECD.

In April 2009 the unemployment rate for the OECD area was 7.8%. This is 0.1 percentage points higher than the previous month and 2.2 percentage points higher than in April 2008.

In the eurozone, the unemployment rate hit 9.2% in April, up 0.3 percentage points on March and 1.9 percentage points higher than April last year.

In America, for which the OECD has figures for May, unemployment rose half a percentage point from April to 9.4%, which is 1.3 percentage points higher than it was in May last year.

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Guide

Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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