Sentences with phrase «u.s. labor market recovery»
To be sure, stronger average earnings growth is still a missing component of the U.S. labor market recovery.
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The number of job openings in the U.S. hit a seven - year high in April, reflecting a labor market drawing strength from the nation's economic recovery.
«The recovery in the labor market is probably going to be more sluggish than the Fed recognizes,» Michael Hanson, senior U.S. economist at Bank of America in New York and a former Fed economist, told the news service.
In other words, for two years of economic recovery, the labor market in the U.S. has been doing only slightly better than treading water, and much of the improvement in the unemployment rate can be attributed to people dropping out of the labor force either because they've given up looking for work or because they've retired.
According to a recent report from Bloomberg News, «the number of Americans saying the U.S. economy is getting better rose in March to the highest level since 2004 as a decline in claims for unemployment benefits offered more evidence of a labor - market recovery.»
The sharp drop in unemployment insurance claims is in line with a steady recovery in the U.S. labor market and augurs well for continued increased consumer spending.