scholarly journals Labor Market Rigidity, Unemployment, and the Great Recession

2011 ◽  
pp. 1-4 ◽  
Author(s):  
Murat Tasci ◽  
Mary Zenker
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
Short Term ◽  
The Great Recession ◽  
Flexible Labor ◽  
Labor Market Policies ◽  
Long Run ◽  
Term Performance ◽  
The U.S

Countries with very flexible institutions and labor market polices, like the U.S., experienced substantial increases in unemployment over the course of the Great Recession, while countries with relatively rigid institutions and strict labor market policies, such as France, fared better. However, this better short-term performance comes with a tradeoff: evidence suggests that flexible labor markets keep unemployment lower in the long run.

High Tech and High Touch

2017 ◽  
Author(s):  
James E. Coverdill ◽  
William Finlay
Keyword(s):  
Social Media ◽  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
High Tech ◽  
Internal Labor Markets ◽  
Job Seekers ◽  
The Great Recession ◽  
Labor Market Intermediaries ◽  
Large Numbers

This book examines headhunting—contingency recruiting—in the wake of two profound changes in the labor market. The first is the emergence and explosive rise of various forms of social media, most prominently LinkedIn, which have made information about employers, jobs, and job-seekers much more widely available. The second is the unraveling of internal labor markets and the fraying of the ties between employers and employees, which started in the 1980s and 1990s, and accelerated in the wake of the bursting of the dotcom bubble and the Great Recession. Both changes created the possibility that employers and candidates would be able to find each other without the benefit of labor-market intermediaries like headhunters. The book explains why headhunting survived these changes: employers still need headhunters to find good candidates quickly. In a high-tech world, it is relatively easy to find large numbers of apparently qualified prospective candidates. Headhunters, however, determine which of these prospects are truly viable candidates and they invest time and effort in converting prospects into candidates. They bring high-touch search to a high-tech labor market.

Die Ursachen der transatlantischen Produktivitätswachstumsunterschiede

2006 ◽  
Vol 55 (1) ◽  
Author(s):  
Rudolf Besch ◽  
Guido Zimmermann
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Productivity Growth ◽  
Service Sector ◽  
Market Reforms ◽  
Lower Productivity ◽  
Long Run ◽  
Labor Market Reforms ◽  
Increase Productivity ◽  
The U.S

AbstractThis paper gives a survey on the causes of the divergence in productivity growth rates between the U.S. and Europe in the last 15 years. It is shown that Europe’s lag in productivity growth can be traced to relative lower productivity growth in the service sector. This is due to over-regulated goods, capital, land, and labor markets. Although there is a consensus that in the long run no relationship exists between productivity growth and labor market performance, in terms of policy, well-specified labor market reforms are recommended to increase productivity growth in Europe. For labor market reforms are a necessary complement for productivity-enhancing product market reforms.

scholarly journals Universal resilience patterns in labor markets

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Esteban Moro ◽  
Morgan R. Frank ◽  
Alex Pentland ◽  
Alex Rutherford ◽  
Manuel Cebrian ◽  
...  
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
Urban Policy ◽  
Economic Resilience ◽  
The Great Recession ◽  
Us Economy ◽  
The Us ◽  
Skill Requirements ◽  
Us Cities

AbstractCities are the innovation centers of the US economy, but technological disruptions can exclude workers and inhibit a middle class. Therefore, urban policy must promote the jobs and skills that increase worker pay, create employment, and foster economic resilience. In this paper, we model labor market resilience with an ecologically-inspired job network constructed from the similarity of occupations’ skill requirements. This framework reveals that the economic resilience of cities is universally and uniquely determined by the connectivity within a city’s job network. US cities with greater job connectivity experienced lower unemployment during the Great Recession. Further, cities that increase their job connectivity see increasing wage bills, and workers of embedded occupations enjoy higher wages than their peers elsewhere. Finally, we show how job connectivity may clarify the augmenting and deleterious impact of automation in US cities. Policies that promote labor connectivity may grow labor markets and promote economic resilience.

scholarly journals What happened to temps? Changes since the Great Recession

2021 ◽  
Author(s):  
Amar Mann ◽  
Tian Luo ◽  
Richard Holden
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Economic Changes ◽  
The Great Recession ◽  
Industrial Utilization ◽  
Employment Trends ◽  
Key Features ◽  
Temporary Help ◽  
The U.S

The temporary help services (THS) industry has grown in absolute and relative terms since 1990, and also since the Great Recession, from 2008–18, the period covered in this article. The THS employment levels have fluctuated in advance of broader economic changes, providing a method for employers to scale employment up and down to meet changing conditions. As the economy has changed, so too has the deployment of THS employees. Trends in the THS industry follow overall employment trends and also shine a light on changes in the regional, occupational, and industrial utilization of THS employees. These trends in THS employment underscore the key features of the labor market that underlie the overall employment trends. THS employment is, in many ways, a barometer for the employment changes in the U.S. economy.

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