Bloomberg Businessweek (10/20/14) Victoria Stilwell
A lack of data on whether the employed are overqualified for their jobs or want to work more hours is preventing U.S. Federal Reserve officials from accurately assessing the health of the labor market. The significant underutilization of labor resources is likely more severe than currently estimated.
“We have more slack than the official statistics suggest,” said Michelle Meyer, a senior U.S. economist at Bank of America Corp. “Because it’s difficult to measure underutilization, there’s still a lot of uncertainty as to how much slack remains, which means there’s uncertainty as to the appropriate stance of monetary policy.”
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.