Published online by Cambridge University Press: 26 March 2020
While the global economic recovery remains fragile, output in most of the major advanced economies has been rising since mid-2009. Employment, however, tends to lag production, and unemployment continued to rise well into 2010 in many countries. The ILO estimates that the level of unemployment remains elevated by 30 million worldwide relative to 2007 (ILO-IMF, 2010). After taking into account global population developments, this points to a rise in the global unemployment rate of about ¾ percentage point. As the advanced economies have been faced with the brunt of the global downturn, unemployment rates have risen far more significantly within the OECD area. The unemployment rate in this region remains 2.9 percentage points higher than at the beginning of 2008.
To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you used this feature, you will be asked to authorise Cambridge Core to connect with your Dropbox account. Find out more about saving content to Dropbox.
To save this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you used this feature, you will be asked to authorise Cambridge Core to connect with your Google Drive account. Find out more about saving content to Google Drive.