The Great Recession may have ended worldwide, but there seems to be no end in sight for the global labour market downturn that accompanied it, especially in the so-called advanced economies. In many countries the job losses and their slow recovery, which are of historic proportion, have the potential to threaten their long-term economic and social stability. In the United States, the epicenter of the slump, unemployment clawed back to a near-double-digit 9.8 per cent last month, perilously … [Read more...]