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An old joke among economists is that the European definition of a boom is a year in which the unemployment rate rises less than usual.
If employees perceive a new cost of employment, such as a new payroll tax on employees, added child-care costs, or new subsidies for the unemployed, then the households' MRS falls more, or rises less, than wages do.
Similar(51)
Revenue rose less than 2percentto to $30.49 billion.
Stocks rose less than 1percentt in Tokyo.
Sales rose less than 1percentto to $17 billion.
Consumer prices rise less than expected in May.
Revenue rose less than 1percenttoto $10.2 billion, Sears said.
Sales rose less than 1percentto to $5.86 billion, Honeywell said.
Sales rose less than 1percentto to $2.29 billion from $2.28 billion.
Sales rose less than 1percenttoto 1.22 billion Canadian dollars.
Natural gas prices rose 7percentt after an industry report showed inventories rose less than expected last week.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com