Amplify’d from www.thepeakeffect.com
Thursday, April 28, 2011
Long Term Unemployment
This is an excellent new paper from the OECD on the crisis of sustained, high long-term unemployment. Previous deep downturns were characterised by a straightforward pattern of joblessness: lots in, then lots out. This time around lots went in, and inflow to unemployment then returned to (near) normal levels. But almost no one is getting out.
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