Word: medoff
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...best undergraduate I've seen in years," said Kestenbaum Professor of Labor and Industry James L. Medoff, who noted that Gell was "at the very top" of his two large lecture classes...
...commissioner of labor statistics. "It used to be that when we had a recession, everyone would wait to be rehired. But the psychology now is that many of these jobs are not going to come back." White-collar workers are feeling the pinch as never before. Harvard economist James Medoff points out that white-collar employees constitute 36% of the country's unemployed workers, compared with 22% during the 1982 slump...
...unique feature of the current recession, Medoff said, is that whitecollar workers are also suffering, as seen in the soaring unemployment rate among this class of workers. During the previous three recessions--which the economist classified as "blue-collar"--the percentage of unemployed white-collar workers actually declined...
...Medoff said that an important distinction between the long-term and the short-term must be drawn to correctly analyze economic data...
...period where there are cyclical and structural economic problems going on at once," Medoff said. "In terms of the cycle, they could be getting better but that doesn't mean that anything at all is happening with the structural problems...