Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up
by 001sky on Friday October 03, 2014 @06:39PM
(#8408032)
The recession triggered changes in organiztion structure accross a wide variety of areas. This led to re-negotiation or termination of previously existing employment contracts. When there is a market failure to re-negotiate such contracts on mutualy agreeable terms, the parties are no longer in an employee/employer relationship. The parties are not in the workforce. Whether they are declared "unemployed" or not is a bit of a shambolic side debate about window dressing.
What does that mean?