From hoarding to hiring

摘要

High unemployment is the most visible scar left by the recession. In the 32 rich oecd countries the downturn and its aftermath threw over 17m people out of work. There was a comparable rise in the number of people who would take a full-time job if it were available but instead have settled for part-time work or given up looking altogether. This rise in unemployment matches that in the deepest of the oecd's post-war recessions. But, astonish-rningly, the damage is not as bad as it might have been.