A Downturn Without Layoffs? Reconciling Growth And Labor Markets In Latin America

From iMFdirect - The IMF Blog Wed Oct 29 2014, 19:00:32

By Bertrand Gruss  (version in Español) It looks as if labor markets in Latin America have not been following the economic news--literally! Economic activity has slowed markedly in the last three years, with some South American countries slipping into outright recession more recently. Yet, labor markets still appear remarkably strong, with unemployment rates, in particular, hovering [...]

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