In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …