The OECD area unemployment rate reached a post-war high of 8.7% in March 2010 and is probably near its peak, but is projected to decline only slowly. Total labour market slack exceeds conventional unemployment and a broader measure encompassing inactive persons who wish to work and involuntary part-time workers is more than twice as large. The extent to which falling output translated into higher unemployment has differed dramatically across the OECD depending on whether employers emphasised labour shedding or work sharing.