The scars of the crisis are still visible on the job market, despite the recovery now under way. The unemployed have borne considerable personal, economic and social costs, particularly those who have endured long spells of joblessness, and young people who have failed to find their first job. But an increasing number of those who kept their job or managed to return to work quickly have also experienced economic hardship as a result of stagnant or even declining earnings, and greater work pressure and growing insecurity.
The crisis has also deepened labour market inequalities. Job creation has disproportionately taken the form of fixed-term or temporary jobs in many advanced economies, while in emerging economies new jobs tend to be in the informal, unregulated economy.
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©OECD Yearbook 2015
2015 OECD Yearbook
2015 OECD Forum