Monday, December 13, 2010

There Is Constant US Job Creation, Even In The Midst Of Unemployment And Layoffs

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.
  • 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.

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