Unemployment vs. help-wanted.
The rate at which jobs are found (and unemployment thus reduced) depends on how many workers are looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. jobs and how many vacant jobs are available, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the April 1999 Economic Trends newsletter published by the Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D.C. . "The more vacancies there are (holding other factors constant), the lower the unemployment rate."
The graphic device used to illustrate this principle is the "Beveridge curve A Beveridge curve is a graphical representation of the relationship between unemployment and the job vacancy rate (the number of unfilled jobs expressed as a proportion of the labor force). ," named after the British economist who first established this empirical relationship In science, an empirical relationship is one based solely on observation rather than theory. An empirical relationship requires only confirmatory data irrespective of theoretical basis. . The Beveridge curve relationship, Economic Trends goes on to say, appears as a downward sloping line over relatively short time periods. Over longer periods, however, it has been unstable, both in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and elsewhere. Based on graphs of the unemployment rate against the Conference Board's help-wanted advertising index (a rough proxy for vacancies), Economic Trends says:
"In the 1950s, for example, both unemployment and vacancies were low; nevertheless, as vacancies decreased, unemployment rose. Compare this to the 1980s, when both vacancies and the unemployment rate were much higher. Again, as vacancies declined, unemployment rose. The Beveridge curve shifted out significantly."
Since the 1980s, Economic Trends detects a new shift in the curve, this time back toward the origin of the graph. One implication of this is that a given level of "vacancies" has recently been consistent with a lower level of unemployment than had been the case in the immediate past decade.