performance, like unemployment or wage rates, show little departure from recent norms over the first few months of the crisis. The …

. Unemployment had reached its lowest levels for thirty years going in to the latest recession and has also remained relatively … subdued through the downturn, certainly compared to previous recessions. A combination of lower inflow rates into unemployment … seen before the recession. -- labour market ; recession ; unemployment ; wages …

been met by in–flows of cross–border workers and, to a lesser extent, immigration. Unemployment has remained low compared …

markets, crowd out productive investment and fuel unemployment. Declining wage shares in OECD countries may be driven in part …