The Not-so-Fluid, Low-Hire, Low-Fire Economy
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The US unemployment rate was 4.2% in June, which is low by historical levels. Nonetheless, lot of workers, and perhaps expecially young workers right out of college, are experiencing the US economy as a situation where it’s hard to get a job. For example, in the “The Job Market for Recent College Graduates,” I reviewed evidence that relative to other education groups, the unemployment rate for recent graduates is higher than usual, while in certain jobs, the job growth for tho
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