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"It has a strong labor force, excellent productivity and technology and a deep and liquid financial market that is in the process of trying to repair itself," Mr. Bernanke said.
Either way, they provide the means of thinking about how to support a strong labor force while building a great business, and I hope to see more discussion of this in the future.
Economic theories predict that the negative effect of a recession at entry to the labor market on subsequent wages is more persistent for demographic groups who have strong labor force attachment and are less likely to be dismissed.
That was well above the 180,000 or so economists had been expecting month-to-month in 2017 although below the 300,000 jobs Trump insisted in 2012 had to be added monthly to constitute strong labor force growth.
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The United States economy recorded its strongest labor force expansion since 2000 in the first six months of 2004 -- averaging 211,000 new jobs a month.
Professors Blau and Kahn also noted, however, that these policies could backfire, encouraging "women who would have otherwise had a stronger labor force commitment to take part-time jobs or lower-level positions".
These findings are consistent with the economic theories reviewed in Section 2: the effect of a recession at entry will be stronger for people with stronger labor force attachment.
Foxconn chief Terry Gou did not give a figure for the costs, but the group has been spending heavily to fight a perception its vast plants in China are sweatshops with poor conditions for its million-strong labor force.
"We have been expecting both stronger wage growth and stronger labor force growth," said Gus Faucher, senior economist at PNC Financial Services Group.
From the employee's perspective, job certainty provides positive incentives to invest in firm-specific human capital, creating stronger labor force attachments, and sending positive signals to employers on job commitment.
With the aim of obtaining a homogenous sample with strong labor-force commitment we also follow Hanushek et al.
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