via The Work Foundation by Ian Brinkley
The new blog from Danny Blanchflower is a timely reminder that the unemployment numbers do not tell the full story when it comes to measuring labour supply and demand.
Together with Jonathon Portes, Professor Blanchflower has estimated the number of hours that people would like to work and the number of hours that employers are willing to pay for. This shows that there is much more “slack” in the labour market than the unemployment rate indicates.
Continue reading includes links to lots of useful information
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