
Friday, June 5, 2009
Global crisis: on unemployment cycles
Unemployment and economic growth are highly correlated. As can be seen in the next graph, in LAC countries, unemployment peaks during recessions (shaded bars). During the last four years unemployment showed a constant reduction that will be interrupted because of the 2008-on recession. We also see that for the continent it is urgent to have long periods of economic growth to reduce unemployment significantly.

Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment