Publisher： OECD Publishing
ISSN： 0474-5574
Source： OECD Economic Outlook, Vol.2010, Iss.1, 2010-07, pp. : 237-278
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Abstract
The recession that struck nearly all OECD economies during 2008 and 2009 was very deep by historical standards (Figure 5.1).1 It had profound but very differentiated impacts on OECD labour markets. Most prominently, unemployment rose sharply in a number of countries but in others it has increased surprisingly little. This diverse range of individual country experiences is shaping the policy challenge that individual countries are facing in getting people back to work. Based on historical experience, the challenge is strong. Unemployment ultimately returned to pre-recession levels in only about two-thirds of past OECD recession...
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