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Table 1 Accounting for changes in the unemployment rate during the Great Recession, 2008Q1-2009Q4 (%)

From: Reforming an insider-outsider labor market: the Spanish experience

   US   Germany   Spain
Unemployment rate Δu 6.1   -0.4   11.2
Output ΔY/Y -2.4   -5.4   -5.0
Productivity Δ(Y/H)/(Y/H) 6.0   -3.0   2.7
Hours/worker Δ(H/N)/(H/N) -2.2   -2.6   1.8
Labor force ΔLF/LF -0.1   -0.2   1.7
  1. Notes: Log-points. Data for the US and Germany are fromBurda and Hunt (2011). For Spain, data are from the Quarterly National Accounts (http://www.ine.es).