) reaction to rising and falling unemployment. In contrast, wage growth in establishments without collective bargaining adjusts … only to falling unemployment and is unaffected by rising unemployment. -- Wage cyclicality ; wage bargaining ; works …

. Unemployment decreases markedly and regular employment rises. At present, virtually all professional forecasts expect this upswing … unemployment figures consist of merely cyclical components or, in other words, which part of joblessness can be labeled as … "structural". "Structural" unemployment, however, is a loaded word since there is no clear cut consensus about its meaning, let …