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The insider-outsider theory is a theory of labor economics that explains how firm behavior, national welfare, and wage negotiations are affected by a group in a more privileged position. [1] The theory was developed by Assar Lindbeck and Dennis Snower in a series of publications beginning in 1984. [1] [2] [3] Wages set by insiders [4] The ...
Initial filings for unemployment benefits in Massachusetts dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell ...
President Franklin D. Roosevelt, 1933 In 1933, the Roosevelt administration during the New Deal made the first attempt at establishing a national minimum wage regiment with the National Industrial Recovery Act, which set minimum wage and maximum hours on an industry and regional basis. The Supreme Court, however, in Schechter Poultry Corp. v. United States (1935) ruled the act unconstitutional ...
Initial filings for unemployment benefits in Massachusetts dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell ...
Unemployment in Massachusetts rose during Romney's first year from a rate of 5.6 percent in January 2003, when he took office, to a peak of 6.0 percent in mid-2003. It then steadily declined over the remainder of his term, ending at 4.6 percent in January 2007, [72] his last month as governor, for a net improvement in unemployment of 1.0 ...
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment . During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic ...
The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication. [1] [2] While the non-seasonally adjusted data ...
In November 2007, Massachusetts' unemployment rate was just 4.5%. By October 2009, the rate had risen to 8.9%. As of October, the state's recovery had erased half that increase, bringing ...