If so, then net job creation may not exceed by much the increase in the size of the labor force, implying that the unemployment rate will decline only slowly. That prospect is of central concern to economic policymakers, because high rates of unemployment – especially longer-term unemployment – impose a very heavy burden on the unemployed and their families.
The idea was first broached by the ATTIC Executive who thought that the establishment of an Ombudsman would be of tremendous assistance in strengthening confidence and credibility in the insurance industry. (I am told that the idea of an Ombudsman for the insurance industry has been floating around for the last ten years).