Sentences with phrase «further declines in the unemployment»
Despite the weakness in manufacturing payrolls (a loss of 36,000 jobs in goods - producing sectors in May) that accompanies this secular shift, labor market tightness has allowed for some moderate wage gains and further declines in the unemployment rate, beyond the influence of the declining participation rate.
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The recent strength in employment growth contributed to a further decline in the unemployment rate to 6 3/4 per cent in the June quarter, compared with almost 7 1/2 per cent a year ago (Graph 21).
Current rates of economic growth are likely to generate further declines in unemployment in the period ahead.
Despite the weakness in manufacturing payrolls (a loss of 36,000 jobs in goods - producing sectors in May) that accompanies this secular shift, labour market tightness has allowed for some moderate wage gains and further declines in the unemployment rate, beyond the influence of the declining participation rate.
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«Averaging through hurricane - related fluctuations, job gains have been solid, and the unemployment rate declined further,» the Federal Open Market Committee said in a statement Wednesday following a two - day meeting in Washington.
As a result, we look for solid employment and lack of further near - term upward momentum in participation to lead to a one - tenth decline in the unemployment rate to 4.2 %.
Based on the surge in firms reporting difficulties filling job vacancies, we suspect the unemployment rate fell to just 4.2 % in August, with further declines looking likely over the coming months.
Job growth is expanding with unemployment rate declining, and the monetary policies of the Fed could lead to further improvements in the job market.
The collapse of demand causes a collapse in production, more unemployment, and a further decline in demand.
Friday's September jobs report, including the strong upward revisions for prior months, a sizable increase in earnings, and a sharp decline in the unemployment rate, should provide further impetus for improving consumer confidence in the housing market.»