Word: freedman
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Dates: during 1990-1999
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TIME's economists predicted that U.S. unemployment, which dipped to a four- year low of 5.9% in September, will be at that level at the end of next year. Said labor economist Audrey Freedman: "The current and future trends in the American labor market are, first of all, a steady growth in jobs, and I think that's going to continue at least through 1995." But at the same time, she noted, "there really have been no increases in real average wages" during the expansion, "and that's going to continue as well...
...labor force grew more than 2% a year in the 1970s and 1980s as the baby boomers entered the market, it is expanding only about 1% today. "It doesn't take a lot of job creation to get to the low unemployment rates that we have right now," Freedman pointed...
...security interests of the Unites Statesare best served by public policies that assure asupply of talented officers from our colleges anduniversities and that the public regards as fairand appropriate," Freedman wrote at the time...
...consumers who still have their jobs see themselves as "survivors" of one of the worst upheavals ever seen in the work force, the TIME economists said. Moreover, "American workers have adapted to the idea that they're not going to have the same job forever," said labor economist Audrey Freedman, who runs a New York City-based management consulting firm. They have learned to accept the inevitable job shifts, Freedman noted, and are determined to get on with their lives as best they can. Work forces in Europe and Japan have shown no such mobility or adaptability...
Panel members expected the quickening recovery to create jobs at an average rate of 170,000 a month in 1994, up from 160,000 last year. But Freedman, a consultant to employers, predicted that the job-growth rate would climb to a more robust 200,000 a month. As in 1993, much of the hiring will probably involve part-time positions and relatively low-wage, service-sector jobs like restaurant work. That should be enough to cut the unemployment rate, which stood at 6.4% in November, to 5.9% by the end of the year...