Abstract:

The global financial crisis has adversely affected all world economies. Due to the global financial crisis that took place in 2008, not only did the economic system not be adversely affected, but at the same time it was observed to have had extremely devastating effects on social and cultural life. The effects of the global financial crisis on unemployment and the unemployment hysteria effect after the great recession were investigated in this study. The aim of this study is to examine the change in before and after the great Recession were unemployment rates in the N-11 countries, which are expected to have a significant share in the world economy in the future. For this purpose Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Pakistan, Nigeria, Philippines, Vietnam and Turkey among them found to be broken using the 1991-2017 year of Unemployment data for eleven countries Augmented Dickey Fuller (ADF) test was applied. As a result of the carried out in the research, it has been found that the unemployment rates of Iran, Pakistan, the Philippines and Nigeria are stable and that the increase in unemployment rates after the great Recession for countries has a lasting effect. Bangladesh, Mexico and South Korea have Unemployment rates that are not stationary, and that the series contains unit roots.

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