9 Finally,  7  Many other labor market indicators also improved more slowly in 2016 relative to the pace seen in the prior two years, including the U-6 measure of labor utilization, the rates of job openings, hiring and quits, survey readings on net hiring plans and the difficulty of filling vacancies, and the average duration of unemployment.
* * * Ladies and Gentlemen, Dear Colleagues, It is a great pleasure and honour to participate in this panel and to have a chance to address the CEBRA Annual Meeting today. For more than a year, COVID-19 has imposed enormous stress on our societies and the global economy.