Labor matching has high transaction costs

Back to the issue.  If we define something called tradebook uncertainty for labor, what is it?

The hiring manager is likely working with five pay grades.  His queue of applicants is organized as a rank three distribution, at best; very fuzzy.  The reason is the flexibility of humans, much of what they do is better done than described; they adapt to the work place.    A lot of the trade book, the stack of current resumes and contacts, contains unpriced skills and deficits.

The low precision book will beget a limit system, two  sharp tops and bottoms for unemployment because the rank adjustment is always large relative to rank.  There is not enough granularity in pricing marketed items.

Is this effect more fundamental then the stock market effects?  I think hiring slowdowns precede market corrections, cause and effect is difficult.  But the change in rank causes dramatic jumps in the search window size, hiring managers become very careful about getting the right person, more precisely.    Inside the corporation things seems sluggish, workflow slows from expectations; bottlenecked by the hiring process.