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Declining Dynamism in the U.S. Labor Market
This report discusses certain measures of the U.S. labor market "dynamism" or "fluidity"--including job reallocation, worker churn, and geographic labor mobility-- which some observers note have been declining for the past 20 years or more.
How Much Slack Remains in the Labor Market?
The amount of "slack" in the labor market--jobless or underemployed workers--has consequences for the appropriate stance of monetary policy, the future path of the budget deficit, and counter-cyclical spending on programs such as unemployment insurance. This report briefly examines this concept in the context of the current economy.
Human Trafficking: New Global Estimates of Forced Labor and Modern Slavery
This report discusses a new report by the International Labor Organization (ILO) and the Walk Free Foundation that estimates that 40.3 million people worldwide were victims of modern slavery (including forced labor run by individuals and governments, forced marriages, and sex trafficking) which used a new methodology that combined multiple data sources and statistical probability calculations. A brief overview of the findings, past reports and variance between State Department Trafficking in Persons (TIP reports and other reports such as this one, and varying definitions of the terms modern slavery, human trafficking, and forced labor are discussed. Current bills to reauthorize the Trafficking Victims Protection Act (TVPA) in Congress are also discussed.
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