Publisher's Synopsis
Excerpt from "Structural/Frictional" Versus "Deficient Demand" Unemployment: Some New Evidence
The two rates suggests that the number of vacant jobs has typically been much smaller than the number of persons seeking work. Section 4 takes an alternative approach to estimating the relationship between the availability of unfilled job Openings and the number of persons seeking work. Information on the average duration of a job vacancy is combined with information on the new hire rate to produce independent estimates of the vacancy rate, which are then compared with the relevant unemployment rates. The conclusions in this section are consistent with those reached in Section 3. The final section. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
