Unemployment hits harder during economic downturns, especially for men.
The article examines how the relationship between economic output and unemployment varies across OECD countries from 1989 to 2019. They found that in most countries, when the economy shrinks, unemployment rises more than when it grows. Additionally, decreasing unemployment has a stronger impact on economic growth than increasing unemployment. Lastly, male unemployment is more affected by economic fluctuations than female unemployment in many countries.