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Little Room for New Workers

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Stephen Davis, professor at the University of Chicago, says in the short run lower rates of people quitting jobs in an uncertain economy reduces the number of jobs available and affects the unemployment rate.

Low "churn" or job turnover and how it affects unemployment during 2011-2013

02/08/2012

Low rates of quitting jobs or "churn" in the labor force and the different recovery in the U.S. labor market in 2011-2013. A healthy quit rate promotes upward mobility according to economists Steve Davis and Janet Yellen.

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