Friday, November 24, 2006

Quiescence

Lately I’ve been having trouble focusing attention on this blog long enough to do a full post, because…well, you know, there’s a lot going on, etc…. To keep the blog alive, I’m going to try more quick posts, which will hopefully still be good food for thought but not so eloquent or well-reasoned.

Here’s a thought for today: the current condition of the US labor market should not be described as “weak” or “strong” but rather “quiescent.” There aren’t many layoffs going on, and there isn’t much hiring going on. There aren’t many people looking for jobs, and there aren’t many businesses looking for employees. I think most statistics bear out this view of the labor market. I’m not sure what the implications are. I do have some thoughts, which I may address in a later post.

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4 Comments:

Blogger Laurent GUERBY said...

Some thoughts on inflation measure and transparency. Might be a topic for your :).

Fri Nov 24, 02:31:00 PM EST  
Anonymous Anonymous said...

With population ageing, employees and employers are moving towards eliminating mandatory retirement. Public sector organizations are slow to respond to immediate and problematic labour shortages in fear that slowing retirement will leave them with shortages of funds and/or surplus employees. Nevertheless, immediate and problematic labour shortages need to be addressed and skillful managers should be able to get them addressed.

Sat Nov 25, 08:37:00 AM EST  
Blogger spencer said...

very good analysis.

Sat Nov 25, 10:57:00 AM EST  
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Tue Apr 21, 06:57:00 PM EDT  

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