Yes, employment raises demand, but that demand is satisfied by the additional supply created by a productive economy.
The administration's original approach was to boost employment by underpinning demand with fiscal stimulus.
However, cloud-related skills represent virtually all the growth opportunities in IT employment worldwide as demand for cloud-related positions grows.
FORBES: Almost 1.7 Million Cloud-Related Jobs Went Unfilled in 2012: Estimate
"Solid economic conditions and high employment support housing demand which, together with supply shortages, will continue to support prices, " he said.
If you find the above totally unconvincing, just remember that in the long run, the supply of labor is just as important in determining the level of domestic employment as the demand for labor.
FORBES: Exports Create Better Jobs, But Not Necessarily More Jobs
Indonesia would benefit from working with other countries like the Philippines, whose government sends representatives abroad to demand better employment conditions for its workers.
But, while employment growth needs adequate aggregate demand growth to spur the demand for labor, the supply of labor is also important.
If investment were to falter and private consumption failed to compensate, China would be left with a big hole in demand, jeopardising employment and growth.
ECONOMIST: Chinese consumption is about much more than shopping
The construction sector, which was decimated by the recession, has seen a fourth-month surge in employment, likely fueled by demand for new homes as the housing market picks up.
In times of economic woe, when normal patterns of consumption and investment are frozen, prodigal government spending can sometimes be the only way to break the vicious circle of declining demand and shrinking employment.
ECONOMIST: What did Barack Obama��s stimulus package really achieve?
Another common current thought is that the extra spending will lead to an increase in demand and thus higher employment.
FORBES: Greg Mankiw's Excellent Question: Why a $9 Minimum Wage? Why Not $90? Or 90 cents?
The Full Employment Act of 1946 made the federal government responsible for job creation and accepted the crude Keynesian idea that aggregate demand management could be used to achieve maximum employment.
FORBES: Bernanke Administers Another Cruel Dose Of Financial Morphine With QE3
Macroeconomic regulation that ensures a sufficient level of aggregate demand to lead to full employment.
Inadequate investment, Keynes argued, would leave the economy deprived of demand and workers bereft of employment.
ECONOMIST: Who is winning the battle of economic ideas in China?
The report showed overall employment levels have not varied significantly and demand is stagnant.
Employment would certainly be helped, and demand would appear for housing and at least paying-off credit debt.
These positive effects are transitory, however, when local economies have insufficient permanent employment to justify a constant level of demand for new housing stock.
Were demand all that mattered, employment would be stronger.
"We've found that in the U.S., gasoline demand is inveresly correlated with employment, so as long as unemployment remains high, we are going to be looking at China, India, Brazil as the key economies in terms of global demand, " says Morris.
The solution was for governments to provide the demand needed to return to full employment.
Demand for temps fell in three employment sectors - with hotel and catering posting the sharpest fall.
Certain service sectors are also doing well perhaps largely because employment has picked up and there is more demand for services.
Both within and outside of the auto sector, the confluence of policy, consumer demand and automaker investment will boost employment and the economy as a whole.
FORBES: Auto Industry And U.S. Economy Will Benefit Under New Mileage Standards
In this scenario, the increased commodity prices would be a function of strong demand, probably accompanied by increased employment and wages that would offset higher prices.
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
But according to Manpower, another employment agency, the mismatch between supply and demand is starkest in Brazil, where 64% of employers report difficulty filling vacancies, against 40% in China and 16% in India.
In his view, which has some prominent supporters, it is not a lack of supply, but a fall in real wages which has helped maintain employment and profits in an environment of slow demand.
Customers (students) are looking for more courses that directly enhance their chances of employment, so the universities are responding to that demand.
As they add to their capacity to produce goods and services, the consequent rise in incomes and employment reaches throughout the economy and leads to increased demand in other sectors.
FORBES: The Great Recession: How We Got Here (and How to Get Out)
The only sector where there has been continuing employment growth through the recession is self-employment (ok, so developers are in big demand too but many of those are freelance talent).
FORBES: Is This a Turning Point in The Wealth, Tax, Equality Debate?
In other words, higher employment of over-55s reflects not just relatively stronger demand, but more supply.
应用推荐