Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from
labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or
at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
According to the Bureau of
Labor Statistics,
at the end of the first quarter of 2015, real hourly compensation was up 1.8 % over the previous year and jumped
at an annualized
rate of 5.5 % compared to the last quarter of 2014.
Information since the Federal Open Market Committee met in March suggests that the
labor market has continued to strengthen and that economic activity has been rising
at a moderate
rate.
Worksafe analyzed reports filed with the U.S.
Labor Department's Occupational Safety and Health Administration and found similarly high injury
rates in 2016
at the plant.
While the
labor market has returned to more normal levels, with the unemployment rate at around 5.1 percent, overall hiring has remained weak, per the most recent Department of Labor jobs rep
labor market has returned to more normal levels, with the unemployment
rate at around 5.1 percent, overall hiring has remained weak, per the most recent Department of
Labor jobs rep
Labor jobs reports.
Meanwhile, there were only about 2,000 more new hires in the month of April, according to the
Labor Department, leaving the hiring
rate unchanged
at 3.4 % for the third month in a row.
With lowering levels of entrepreneurship in the country, chances are that other countries could provide greater competition, often
at lower
labor rates, creating increased pressure on U.S. entrepreneurs.
The nation added 217,000 jobs in May to reach the milestone, though the unemployment
rate remained unchanged last month
at 6.3 % and U.S. employment still needs to catch up with the growth of the population and
labor force that has occurred since the recession began.
Japan «s unemployment
rate held steady in October as the availability of jobs improved and household spending fell
at a slower pace, a tentative sign that a robust
labor market is lending support to domestic demand.
This of course contrasts with the
Labor Department's news yesterday that U.S. employers — of all sizes — added 120,000 jobs last month, and as a result the unemployment
rate fell to 8.6 percent, after a prolonged period
at 9 percent.
In private industry, says the Bureau of
Labor Statistics, wages and salaries rose
at 2.6 % for the 12 months ended September 2017 — 20 basis points above the
rate the prior year and notably higher than what we saw in the first half of the decade.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest
rates and foreign currency exchange
rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended
at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and
labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or
at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Labor: U.S. job growth surged in January and the unemployment
rate of 4.1 percent is
at a 17 - year low.
Prior week's reading was revised to 218,000 from 215,000, erasing what was originally reported as a 45 - year low Unemployment
rate among people eligible for benefits was unchanged
at 1.3 percent Colorado and Maine had estimated claims last week, according to the
Labor Department
Despite the strong
labor market and calm economy, Leech does not expect the Fed to raise interest
rates at its March meeting.
The
labor force participation
rate, or the share of working - age Americans who are employed or
at least looking for a job, was steady
at 62.8 percent.
Conservative politicians and hawkish economists have
at times criticized the Fed's «full employment» mandate in large part because the main monetary policy tool, the short - term interest
rate, has only an indirect effect on the
labor market.
But as Neil Dutta, Chief Economist with Renaissance Macro Research points out, if you look
at the actual flow data showing the number of people each month entering and exiting the
labor force, the
rate at which workers are entering the
labor force is actually lower today than
at any point over the last two years.
We're seeing a slowly tightening, modestly growing U.S. [
labor] market, which is just about
at the point now that zero interest
rates are no longer necessary.»
He explained that, while the economy is currently growing
at a
rate of around 1.5 to 2 percent, without the improvement in women's participation in the
labor force, Japan would've grown
at around 1 to 1.5 percent.
And with wage growth and the
labor participation
rate both stuck
at historic lows, we can expect the economy to keep growing
at its current
rate for some time.
At the same time, we're told the
labor participation
rate is lower than what the experts like it to be.
The unemployment
rate held steady
at 4.1 %, the lowest since 2000, as the
labor force swelled by 806,000...
Furthermore, the unemployment
rate improved notably, falling to 5.1 percent (5.112 percent unrounded) from 5.3 percent (5.261 percent unrounded), while the
labor force participation
rate held
at 62.6 percent (62.552 percent unrounded).
TrimTabs» view is that the economy needs to create a minimum of 150,000 jobs per month to absorb all the new people entering the
labor force, so its June numbers suggest the U.S. is adding jobs
at just half that
rate.
Maryland gained nearly 13,000 jobs in January as the unemployment
rate remained steady
at 4.1 percent, the U.S.
Labor Department said Monday.
FYI, the steady unemployment
rate was not a function of either higher
labor participation (steady at 62.7 percent) or a big gain to the Labor Force (up
labor participation (steady
at 62.7 percent) or a big gain to the
Labor Force (up
Labor Force (up 64K).
Economic growth has been falling since 2010 and the economy has been operating below its potential since then; employment growth, particularly full time employment growth has struggled; in 2014 only 121,000 jobs were created; employment growth has not kept up with population growth;
labor force participation has declined to its lowest level since 2000; long - term unemployment has increased; the unemployment
rate remains stuck
at just under 7 per cent, and youth unemployment is
at 14 per cent; business investment has stagnated; and Canadians are losing confidence in their economic future.
The U.S. Bureau of
Labor Statistics (BLS) reported on Friday that the U.S. economy added 80,000 jobs in June, leaving the jobless
rate unchanged
at 8.2 %, disappointing analysts and driving the stock market downward even though the data showed that all of the new jobs came from the private sector.
Labor costs had fallen
at a 0.3 percent
rate in the first quarter.
Productivity declined
at an annual
rate of 0.6 percent, even worse than the 0.5 percent drop initially reported, the
Labor Department reported Thursday.
Employers added 255,000 jobs last month and the unemployment
rate held steady
at 4.9 % in yet another strong report on the conditions of the US
labor market.
«The tight
labor market is putting some upward pressure on wages, and this should continue as we look for the unemployment
rate to trend lower,» said Ryan Sweet, senior economist
at Moody's Analytics in West Chester, Pennsylvania.
Labor market reforms have expanded the workforce in Japan, helping explain why wage growth remains limited even with the country's unemployment
rate at three - decade lows.
A report from the
Labor Department showed hourly worker compensation accelerated
at a 3.4 per cent
rate in the first quarter after rising
at a 2.4 per cent pace in the October - December period.
The
labor market in Fargo shows a lot of promise, as the city has the second - lowest unemployment
rate on our list, behind only neighboring Sioux Falls, S.D. And, future job growth over the next 10 years is estimated
at nearly 43 percent, according to Sperling's.
SAN FRANCISCO / TOKYO (Reuters)- A
labor dispute
at ports on the U.S. West Coast is disrupting supply chains across the Pacific, forcing some Asian exporters to resort to costly air freight and pushing up shipping
rates as more freighters are caught up in long lines to dock.
Despite some recent slowing, unit
labor costs have grown
at a significantly greater
rate, in recent quarters, than output prices as measured by the GDP deflator.
As of November 2016, U.S. civilian employment stood
at 152.1 million jobs, with a civilian
labor force of 159.5 million people, resulting in a 4.6 % unemployment
rate.
Unit
labor costs, the price of
labor per single unit of output, fell
at a 1.4 percent
rate in the second quarter, rather than increasing
at a 0.5 percent
rate as previously reported.
The
labor force participation
rate is
at its lowest level since 2002.
In October 2017, the Bureau of
Labor Statistics reported the national unemployment
rate stood
at 4.1 percent, with some states reaching even lower
rates (North Dakota and Colorado recorded 2.5 percent and 2.7 percent, respectively, that same month).
Factors that could cause actual results to differ materially from those expressed or implied in any forward - looking statements include, but are not limited to: changes in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or
at all; the streamlining of the Company's vendor base and execution of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or
at all; the amount that we invest in strategic transactions and the timing and success of those investments; the integration of strategic acquisitions being more difficult, time - consuming, or costly than expected; inventory turn; changes in the competitive market and competition amongst retailers; changes in consumer demand or shopping patterns and our ability to identify new trends and have the right trending products in our stores and on our website; changes in existing tax,
labor and other laws and regulations, including those changing tax
rates and imposing new taxes and surcharges; limitations on the availability of attractive retail store sites; omni - channel growth; unauthorized disclosure of sensitive or confidential customer information; risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including issues caused by high volumes of users or transactions, or our information systems; factors affecting our vendors, including supply chain and currency risks; talent needs and the loss of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather - related disruptions and seasonality of our business; and risks associated with being a controlled company.
Moreover, to support a stronger economic recovery, the FOMC is purchasing long - term Treasury securities
at a
rate of $ 45 billion per month and agency mortgage - backed securities (MBS)
at a
rate of $ 40 billion per month, and will continue purchasing assets until it sees substantial improvement in the outlook for the
labor market, conditional on ongoing assessment of benefits and costs.
Wilmington's unemployment
rate currently sits
at 5.8 %, according to the Bureau of
Labor Statistics.
In fact, given that the U.S.
labor market likely experienced its cyclical peak
at the end of 2015 and the Fed began raising
rates too late in my opinion, current Fed Funds futures are pricing in essentially only one hike in 2016, according to data accessible via Bloomberg.
At a 4.1 % unemployment
rate and
labor force growth now down to about 0.5 %, the baseline expectation for real GDP growth in the coming years is approaching just 1 % (0.5 %
labor force growth plus productivity growth of about 0.5 % annually).
With the
Labor Department's announcement today that the U.S. economy added 155,000 jobs in December and that the unemployment
rate held steady
at 7.8 %, one comes to a depressing realization: the average monthly job creation in 2012 of 153,000 jobs was exactly the same as it was in 2011.
The
labor market has continued to improve and economic activity has been rising
at a moderate
rate.
In its statement, the Fed said, «Information received since the Federal Open Market Committee met in March indicates that the
labor market has continued to strengthen and that economic activity has been rising
at a moderate
rate.