Influence of Crisis on Employment and Unemployment

DOI: 10.20542/0131-2227-2012-8-27-38

N. Goffe, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. 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.

Keywords: labor market, employment, unemployment, global economic crisis, Okun rate

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For citation:
Goffe N. Influence of Crisis on Employment and Unemployment. World Eonomy and International Relations, 2012, no. 8, pp. 27-38.

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