NALP — Salaries for New Graduates Rise While
Employment Rate Remains Unchanged, Number of Private Practice Jobs Tumbles.
However,
the employment rate remains high, at 65.9 %, with 1.6 % unemployment.
Though their unemployment rate has been very slowly falling, young Canadians (15 to 24) are the only demographic group who have seen
their employment rate remain far below pre-crisis levels.
Unfortunately, there was no changes in the manufacturing and construction sectors with
the employment rate remaining steady at 8.0 % in April, its highest level in 7 years.
Not exact matches
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.
She said: «But it is my judgment that the lower level of the unemployment
rate today probably does not fully capture the extent of slack
remaining in the labor market — in other words, how far away we are from a full -
employment economy.»
The last dot shows where the
rate is today — close to zero (~ 40 bps)-- which is where it should be IMHO as we're not yet at full
employment and there's no worrisome signs of overheating; inflation
remains quiescent such that the Fed keeps missing their 2 % inflation target on the downside.
As a result, although the unemployment
rate remains unacceptably high, output has begun to expand again, and we appear to be on the verge of seeing sustained growth in
employment.
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.
Treasury yields
remained stable with a positive bias after the mixed
employment report, as healthy payroll growth was accompanied by an uptick in the Unemployment
Rate and weak wage growth.
These improvements were reflected in the rise in the participation
rate to 63 %, up 0.6 % since September, confirming there is greater slack in the labour force than conveyed by the headline unemployment
rate, and suggesting that longer term unemployed or discouraged workers who have hitherto
remained on the sidelines are being pulled back into the labour market by the growth in
employment opportunities.
However, the clear focus this week
remains on the April
employment report on Friday markets expect a non-farm payroll increase of +188 K, alongside a decrease in the unemployment
rate to 4.0 percent.
Following a pick - up in the second half of 1999,
employment growth
remained at an above - average
rate in the first half of 2000.
But the prescription offered by the Taylor rule changes significantly if one instead assumes, as I do, that appreciable slack still
remains in the labor market, and that the economy's equilibrium real federal funds
rate — that is, the real
rate consistent with the economy achieving maximum
employment and price stability over the medium term — is currently quite low by historical standards.
WASHINGTON (MNI)- Gearing up for Friday's U.S.
employment report, analysts expect the April report to bounce back after the relatively disappointing March report, expecting a gain of 185,000 for headline payrolls, a 195,000 increase in private payrolls, a 0.1 pp tickdown in the unemployment
rate to 4.0 %, a softening in in average hourly earnings (AHE) to a 0.2 % gain, and average weekly hours to
remain at 34.5.
The Fed governor also made a comparison between the current unemployment and inflation
rates with the 2004 - 07 period, when the US economy was near full
employment and inflation was higher than 2 percent, thereby making the point that policymakers should hold on to the current federal funds
rate and
remain extremely cautious when it comes to raising it.
March 17 - 18: The Committee wanted to see
employment remain strong and inflation rise a little higher before raising the
rate.
Growth of non-farm GDP over the latest four quarters for which we have data was just over 4 per cent; domestic demand, while slowing a little from its most recent peak, expanded by 5 1/2 per cent over that period;
employment growth over the past year has been around trend, though lower in recent months, and the unemployment
rate has
remained close to the lower end of the range in which it has fluctuated over the past two decades.
The labour market
remained firm in the March quarter, with
employment posting further large increases and the unemployment
rate remaining at its lowest level since the 1970s.
The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have
remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange
rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under -
employment rates have worsened 10.4 % and 18.7 % by the end of 2015.
Public - sector
employment rates for black men rebounded to pre-recession levels by 2013, but
employment levels among black women that year
remained even lower than in 2008.
The U.S. economy is operating at near full
employment levels, wages are rising, interest
rates and fuel prices
remain low and consumer confidence
remains high.
«
Employment remains strong, interest
rates remain at historically low levels and gas prices are stable, so we expect auto sales to
remain strong for the foreseeable future.»
Today I expect that mortgage
rates will
remain mostly flat in anticipation of tomorrow's
employment report, barring some sort of Earth - shattering news.
The Social Security tax
rates have
remained the same since 1990, except for in 2011 and 2012, when the
rate was temporarily reduced to 4.2 percent for employees — but kept at 6.2 percent for the employer share — and 10.2 percent for self -
employment income.
Growth in
employment has been slow in recent months, and the unemployment
rate remains elevated.
This law provides employees and their families the right to
remain temporarily covered under an employer's health insurance plan at the group
rate after termination of
employment, provided the individual takes over payment of premiums.
EI (
Employment Insurance) Maximum for the Year 2010 Your
rate of EI premiums (excluding employees working in the province of Quebec), for the 2010 taxation year
remains at 1.73 % of insurable earnings.
While overall
employment fell in 2011, with the service, trade and transportation sectors shedding jobs, the city's unemployment
rate remains at a respectable 7.5 %.
«Mortgage
rates remained near record lows following the
employment report for October.
Although the
employment report for October was relatively positive, the job market had improved only marginally through the third quarter, so while there was a small improvement in the delinquency
rate, the level of that
rate remains quite high.
It is no surprise that the Bank of Canada maintained its target overnight
rate at 1/2 percent today, reaffirming its view that the Canadian economy is still operating with considerable slack despite strong
employment growth and inflation
remains below the 2 percent target.
Minneapolis, MN: Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing average fixed mortgage
rates edging slightly higher while
remaining near their all - time record lows coming off the
employment report for September.
The Bank of Canada is reaffirming its view that the Canadian economy is still operating with considerable slack despite strong
employment growth and inflation
remains below the 2 % target
rate.
This law provides employees and their families the right to
remain temporarily covered under an employer's health insurance plan at the group
rate after termination of
employment, provided the individual takes over payment of premiums.
There's full
employment — national unemployment levels
remain around the 4.1 %
rate and even lower in some cities and industry sectors.
Although the pay
rate will likely
remain relatively low, the cost of living in the area combined with the
employment benefits of a Medical Assistant position makes it quite the attractive career choice for anyone who has an interest in working in the medical industry.
The national
employment situation for December 2015 increased by 292,000, while the unemployment
rate remained the same at 5.0 percent.
For instance, while we continue to trail behind non-Indigenous
rates of school achievement,
employment and health outcomes, there will
remain an undercurrent of anger and frustration that our human needs, and ultimately our human rights, are not being met.
Employment gains did continue, but the unemployment
rate remained stubbornly high because the gains were insufficient to counter the growth in the work force.
Interest
rates remain low, credit availability is expanding, and
employment is on the rise.
Freddie Mac recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing average fixed mortgage
rates edging slightly higher while
remaining near their all - time record lows coming off the
employment report for September.
The nation's jobless
rate remained at 7.6 percent as more jobless workers entered the labor force and offset the increase in
employment.