Convergence in US-EU Labor Markets
By: Wall Street Pit
Posted on April 13, 2012 at 10:29 AM EDT
Out of the many signs that the US economic recovery is not as strong as previous ones, the variable that possibly best demonstrates the weakness of the recovery is the stagnant employment to population ratio. This ratio summarizes two labor market variables: the unemployment rate and the participation rate. A declining ratio indicates that out [...]
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