N. Goffe, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (email@example.com).
The article deals with the dynamics of the major indicators of labor markets in the major macro-regions of the world, particularly the rates of employment and unemployment. The author analyses the main factors of cross-country variations in reactions of labor markets to the crisis. In the first place, the following indicators are considered: the dynamics of GDP, the industrial composition of the economy, the duration of recession, the labor productivity, the level of rigidity specific to the national labor market’s regulation.
labor market, employment, unemployment, global economic crisis, Okun rate
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