Word: rate
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Dates: during 2000-2009
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...real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate of 2.5%. "If you just look at the cost side, this should be a labor boom," says Mortensen...
...aren't hiring. They are - about 4 million workers a month. There is always a lot of churn in the American labor market and that doesn't stop during a recession. (We don't particularly feel the hiring right now because companies are letting workers go at a higher rate.) In a best-case scenario - if using tax dollars to subsidize corporate hiring works exactly as it should - we'd wind up paying for 4 million hires a month that we would have otherwise gotten for free...
...Meanwhile, the unemployment rate for recent grads rose as well. It is now 10.6%, a record high...
...however, may be a fundamental shift in values. Two-thirds of working women in Taiwan are university-educated, and fewer of them are jumping into tying the knot early. "I'm not pursuing marriage," says Hsu Yu-hua, a 30-something accountant in Taipei. "Not with today's divorce rate [38% in Taiwan]. I'm financially independent, and it's more convenient to be single." Only a third of Taiwan's women are married by age 30, in contrast to 20 years ago, when the average age for marriage for women was 26. Many more men have also been marrying...
...largesse that ensured a larger landslide this time. Critics foresaw macroeconomic disaster three years ago when Morales, fulfilling a campaign promise, nationalized Bolivia's vast natural-gas reserves. Among the doubters was the International Monetary Fund (IMF) in Washington. Today the IMF is hailing Bolivia's projected economic growth rate of almost 3%, one of the hemisphere's highest, as well as the fact that the country's economy has averaged almost 5% annual growth since Morales came to office, Bolivia's best performance in three decades. "Bolivia is the most profound example that the conventional wisdom of economic growth...