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Market participants or economic agents consist of all the buyers and sellers of a good who influence its price, which is a major topic of study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand.
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms.
The coming weeks and months could shift the narrative for the labor market, inflation and the overall economy, economists have cautioned, noting President-elect Donald Trump’s policy proposals ...
Over the past few years, the strength of the U.S. economy and the job market have surprised almost everyone. Responding to inflation that hit a four-decade high two and a half years ago, the Fed ...
Economic data out Wednesday showed the pace of hiring in the US economy continued to slow. But separate data indicated layoffs remain low, keeping the US labor market in a 'no hire, no fire' stasis.
External numerical flexibility is the adjustment of the labour intake, or the number of workers from the external market. This can be achieved by employing workers on temporary work or fixed-term contracts or through relaxed hiring and firing regulations or in other words relaxation of employment protection legislation, where employers can hire and fire permanent employees according to the ...
The latest Job Openings and Labor Turnover Survey (JOLTS) — which provides a sense of how much churn and movement there is in the job market — is the first major report to land in an economic ...
Economic liberalization will result in unemployment and wage inequality in developing countries. This happens as job losses in uncompetitive industries outstrip job opportunities in new industries. Workers will be forced to accept worsening wages and conditions, as a global labor market results in a “race to the bottom”.