Jan 15, 2014 02:22 PM

The Unemployment Paradox

More than five years have now passed since the Lehman shock of September 2008 and its employment consequences are now more visible than ever. At the end of last year, close to 50 million people were unemployed in OECD member countries, about 16 million more than before the crisis broke out. Furthermore, the unemployment rate had been broadly stable for more than two years and improvement is expected to be very gradual.

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