A foreign warning on long-term unemployment

Long-term unemployment is a problem for millions of Americans and Europeans, and it could soon rear its head in Australia unless we take a proactive approach to monetary and fiscal policy.

Both the United States and eurozone economies may have turned the corner but for the long-term unemployed, the pain will persist for years to come. That is the unfortunate reality for millions of Americans and Europeans, even seven years after the onset of the global financial crisis.


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