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In the mid-1950s, 36% of the United States labor force was unionized. At America's union peak in the 1950s, union membership was lower in the United States than in most comparable countries. By 1989, that figure had dropped to about 16%, the lowest percentage of any developed democracy, except France.
One of the biggest adjustments was the re-entry of soldiers into the civilian labor force. In 1918, the Armed Forces employed 2.9 million people. This fell to 1.5 million in 1919 and 380,000 by 1920. The effects on the labor market were most striking in 1920, when the civilian labor force increased by 1.6 million people, or 4.1%, in a single year.
High market tightness indicates relatively low liquidity and high transaction costs, whereas low market tightness indicates high liquidity and low transaction costs. [2] For example, during the dotcom bubble , information technology companies were very difficult and expensive to buy a part of, through stock, loan, or other methods, due to the ...
As our Chart of the Week shows, the creation of 256,000 new jobs in the final month of 2024 — 91,000 more than expected — indicates that hiring appears relatively unencumbered as employers ...
CBO issued a report in February 2014 analyzing the causes for the slow labor market recovery following the 2007–2009 recession. CBO listed several major causes: "To a large degree, the slow recovery of the labor market reflects the slow growth in the demand for goods and services, and hence gross domestic product (GDP).
The housing market contributed to the economy's 1.6% annualized growth rate in the first quarter. A fourth report from the Fed showed manufacturing output dropped 0.3% last month following a ...
She said the current 4.3% unemployment rate is "certainly well within" the Fed's 5% target, and that any recent weakening is merely a return to normal after years of very tight labor market ...
Changes in the inflation level may be the result of several factors. Too much aggregate demand in the economy will cause an overheating, raising inflation rates via the Phillips curve because of a tight labor market leading to large wage increases which will be transmitted to increases in the price of the products of employers. Too little ...