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Briefing
Global Recession and Unemployment
Appears in:
Advanced Economies, Asia/Pacific, Emerging Markets, Europe, Frontier Markets, Latin America, Middle East and Africa, North America, Labor Markets and Productivity
Critical Issues
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Background:
The global recession has raised unemployment rates nearly to double digits in developed countries and to less drastic but still worrying levels in developing countries. Since late 2009, the pace of job losses has slowed in many countries due to a pick up in demand and credit conditions. But unemployment rates might continue to increase through 2010, constraining global consumption and pushing many workers into poverty. Inadequate safety nets and retraining programs and slow pick-up in hiring pose risks of lengthy unemployment duration and deterioration of human capital. To reduce the risks of structural unemployment and discontent among workers, governments are implementing fiscal stimulus to prevent lay-offs and boost hiring, and are also resorting to populist measures.
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Associated Readings
Analysis
OECD
Feb 09, 2010
OECD unemployment rate stable at 8.8% in December 2009
Analysis
ILO
Dec 07, 2009
World of Work Report 2009: The Global Jobs Crisis and Beyond
Analysis
Manpower
Dec 08, 2009
Manpower Employment Outlook Survey Global: Q1 2010
News
EurActiv
Nov 25, 2009
EU unemployment levels to top 10% in 2010, says report
Analysis
OECD
Nov 19, 2009
OECD Unemployment Projections
Analysis
OECD
Sep 16, 2009
OECD Employment Outlook: Tackling the Jobs Crisis
Research
IZA
Oct 12, 2009
What Should Be Done About Rising Unemployment in the OECD?
Analysis
OECD
Sep 16, 2009
Governments must act decisively on jobs, says OECD’s Gurría
News
Wall Street Journal
May 07, 2009
U.S., Europe Are Ocean Apart on Human Toll of Joblessness
Opinions
IMF
Sep 18, 2009
Social Risks Ahead If Jobs Crisis Is Not Addressed
Analysis
Financial Times
Sep 08, 2009
Labour markets ‘at turning point’
Analysis
JP Morgan
Feb 25, 2009
Global unemployment: up, up, and away
Analysis
Economist
Jul 01, 2009
Limiting migration: People protectionism
Opinions
Financial Times
Jun 12, 2009
Lex: Unit labour costs
News
Bloomberg
Mar 31, 2009
World Bank, OECD Warn of Jobless Jump, Cut Forecasts
Opinions
The Economist
Mar 13, 2009
The jobs crisis
Analysis
Economist
Mar 12, 2009
Unemployment: When jobs disappear
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