While this type of distribution is typical for industries like professional sports or celebrity entertainment, Henderson says that he's never seen this type of distribution for «
a normal labor market involving tens of thousands of people and not just a handful of superstars.»
When economic conditions are poor, this rigidity can disrupt
normal labor market functioning, especially in a low - inflation environment.
Not exact matches
While the
labor market has returned to more normal levels, with the unemployment rate at around 5.1 percent, overall hiring has remained weak, per the most recent Department of Labor jobs rep
labor market has returned to more
normal levels, with the unemployment rate at around 5.1 percent, overall hiring has remained weak, per the most recent Department of
Labor jobs rep
Labor jobs reports.
But as Bernanke noted: «Despite this improvement, the job
market remains weak overall: The unemployment rate is still well above its longer - run
normal level, rates of long - term unemployment are historically high, and the
labor force participation rate has continued to move down.
And to state one more point, our
labor market and our educational system are globalizing at enormous speed: regarding degrees, company structures, and recruiting policies, an international orientation can now be considered
normal.
Taken together, these data suggest that Wisconsin's Act 10 may have pushed some government workers to retire immediately, but once the public outcry died down, the public sector
labor market more or less returned to
normal.
Hasköy youth, who are not considered a part of
normal Turkey, who are excluded both from the
labor market and the imaginary urban culture, return to the middle class spaces they are cast out from like boomerangs to scare off the middle class.
However, he said it would take four to five years for the
labor market to return to
normal unemployment levels.
Another measurement of «
normal» is the Leading
Markets Index, or LMI, which uses data from the federal Bureau of
Labor Statistics, Freddie Mac and the census to track economic and housing activity in about 350 metropolitan areas.