- data shows that even when firms don’t change their employment levels there’s a huge churn through the work force. Even firms that are laying workers off are still hiring.
- in any given quarter, one job in four begins or ends, one in thirteen jobs is created or destroyed, and one in twenty establishments opens up or closes down.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Monday, December 13, 2010
There Is Constant US Job Creation, Even In The Midst Of Unemployment And Layoffs
Posted By Milton Recht
Some thoughts I gleaned from reading a post about economist Julia Lane, "A Few Words about the Vladimir Chavrid Ward" on the Economics Principals blog by David Warsh.
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