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2011/10/13   Examining the Mid- and Long-Term Structural Unemployment in Asia-Pacific-Imperial Hotel Taipei

The global financial crisis spanned from 2008 to 2009 had serious impacts not only on economic development but also on labour markets of the Asia-Pacific region. Unemployment became one major economic issue during the financial crisis and its impacts remain in the post-crisis era. The global GDP growth dropped tremendously in 2008, went down further in the first quarter of 2009, and started to recover since the second half of 2009. However, some global forecasts warn that unemployment rates in most economies will remain high and have great influence on economic security even after the economy started recovering. Therefore, to accelerate the sluggish recovery of job markets is essential for making healthy economic revival as well as maintaining social stability today.