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it would be interesting to see that chart a bit fuerhtr back.where was it in a really tight market like 2000?it seems to me that there is likely an interesting relationship between this ratio and wages.i would suspect that at high levels, wages would have downward pressure/be stagnant, but at a certain point there would be an inflection point at which upward wage pressure would become intense.also:what are they using as an unemployment series?it looks from the release like they are using u3, but that seems a bit tricky as most of the drop in that measure of unemployment has come from people being dropped out of the labor force because they are "no longer looking for work" and it also ignores a large number of "loosely attached" workers and those that are "part time for economic reasons".
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(VISITOR) AUTHOR'S NAME
Gustavo
MESSAGE TIMESTAMP
16 december 2014, 22:40:00
AUTHOR'S IP LOGGED
117.169.1.17
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