Sentences with phrase «growth in labour»

The growth in Labour's local activist base and organisation was reflected in the elections following the war, the co-operative movement now providing its own resources to the Co-operative Party after the armistice.

That's the road of advance we have to return to if we're going to challenge the Tories for power and turn the huge growth in the Labour party into the electoral support we need across Britain.

British workers are producing 12.8 % less than if the pre-recession growth in labour productivity had continued past 2008.

Furthermore, the NAB quarterly business survey reported that year - ended growth in labour costs was essentially unchanged in March, and is expected to remain roughly constant in the June quarter.

Faster average wage growth in Australia has been accompanied by trend growth in labour productivity which is faster than the average of the countries shown in the table.

On the one hand, the ongoing evidence of tightness in the labour market suggests that growth in labour costs may pick up faster than is assumed in the current forecast.

Some pick - up in inflation is likely in 1998 as the favourable exchange rate effects pass but, provided growth in labour costs is not excessive, price inflation should remain within the 2 to 3 per cent range.

The slowing in wage growth across all industries has meant that firms have experienced relatively slow growth in their labour costs.

In turn, slower growth in labour costs is having a beneficial effect on international competitiveness.

Weak economic conditions in the past couple of years have seen growth in labour costs slow to 2 1/2 per cent over the year to the December quarter, from 3 1/2 per cent a year earlier.

Surveys of businesses» hiring intentions are at high levels, and print - based vacancy measures have been growing in line with the above - average growth in the labour force.

It's true that demographic forces are leading to slower growth in the labour force, which reduces the neutral interest rate in the economy and increases the chances that monetary policy will be constrained by the lower bound on interest rates.

Productivity growth, combined with growth in the labour force, determines how fast activity can expand without stoking inflation pressures — something we call potential output growth.1

All the growth in the labour market will be due to immigration.

To the extent it has risen, moreover, it is because of growth in the labour force, not declining employment: the economy added 158,000 jobs last year.

Not exact matches

The Great Stagnation: In «Why the global economy may be doomed to lower growth — maybe forever,» Simone Foxman gives four reasons why economic growth may be much slower in the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate changIn «Why the global economy may be doomed to lower growth — maybe forever,» Simone Foxman gives four reasons why economic growth may be much slower in the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate changin the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate change.

However, the Bank is projecting a return to growth in the second half of 2015, led by the non-energy sectors of the economy: «Outside the energy - producing regions, consumer confidence remains high and labour markets continue to improve.

With over 90 % of the labour force in the informal economy, it is very difficult to assess the impact of policy actions and measure true growth.

Raise interest rates in the U.S. and you could kill the recovery and exacerbate the problem of long - term unemployment, with lasting effects of labour productivity, economic growth and, yes, even government revenues.

Indeed, as labour economist Jim Stanford recently pointed out, our GDP growth fell behind six of the G7 in the second and third quarters of last year, beating only Italy with an average advance of 1.7 % during the six - month period.

In a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countrieIn a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countries.

Canadian companies that have invested in their capacity and labour will be well - positioned to take advantage of growth in U.S. demand.»

But employment growth is set to slow considerably in the coming years, and labour disputes in Ontario and B.C. have hurt the profession's reputation.

Technology Change Not the Culprit in Wages Falling Behind U.S. Productivity Gains (Naked Capitalism) Since 1973, there has been divergence between labour productivity and the typical worker's pay in the U.S. as productivity has continued to grow strongly and growth in average compensation has slowed substantially.

Admittedly, 3,000 jobs is peanuts in the U.S. labour market, but, as the chart below shows, the federal layoffs mean that Washington is starting to be a drag on employment growth just as state and local governments are beginning to recover (blue is the federal government; green is state government; red means local government; and private sector employment, excluding farm employees, is orange).

We do not know the increase in the growth of federally regulated workers that make less than $ 15, but given what we know from the Labour Force Survey, federally regulated workplace study and employment equity survey data, estimates of 0.25 - 0.75 % annual growth appear reasonable.

I don't know what was happening to Canadian productivity before 1973, but even if there was no growth in output per worker, the increase in our labour terms of trade would have induced significant gains in real wages.

For wage growth, the bank said despite recent improvements it remains below what would be expected if the economy no longer had slack in its labour force.

The reason fairness would require that this ratio be equal to one is that, as argued by the Italian economist Luigi Pasinetti in his 1981 book, Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, a fair interest rate is such that the purchasing power of one hour of labour stays constant through time even when its monetary equivalent is lent or borrowed.

And the third is that the rate of labour productivity growth in the production of services is lower than that in the production of goods.

One area of uncertainty relates to wages growth, where there is a risk that current labour market tightness will result in higher - than - expected wage increases.

OTTAWA — Canada's labour market posted its ninth - straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.

Core inflation has been lower than expected in recent months... Core inflation is expected to increase gradually over coming quarters, reaching 2 per cent by the middle of 2013 as the economy gradually absorbs the current small degree of slack, the growth of labour compensation remains moderate and inflation expectations stay well anchored.

Long - term interest rates are currently low due to low global inflation expectations and moderate growth potential in Canada due to lower oil prices, a heavily indebted household sector and a weakened manufacturing base due to relatively high unit labour costs.

The slowing in 2015 results from a further decline in the growth of trend labour input coupled with no change in the growth rate of trend labour productivity.

Right now, new Canadians make up about 70 per cent of the growth in the Canadian labour force.

Shorter - term yields in Canada are also forecast to increase in 2014 as a strengthening in economic growth, tightening labour market conditions and accelerating wage growth fuel a steady, albeit slow, increase in inflation.

Vietnam's has recently jumped from low to lower - middle income, and policy makers are now facing questions about avoiding the «middle - income trap» and generating economic growth without increased exploitation of natural resources and cheap labour that would result in deteriorating environmental and social standards.

In turn, this decline is being driven primarily by the aging of our population, which is slowing the rate of growth of the labour force.

Population aging under way across most advanced economies has led to a marked slowdown in labour force growth, and this has been a strong headwind to investment.

In Canada and the United States, for example, the annual growth rate of the labour force slowed from around 1 1/4 per cent in 2006 to less than 1/2 per cent in 2016.11 This decline has reduced potential output growth and investment demanIn Canada and the United States, for example, the annual growth rate of the labour force slowed from around 1 1/4 per cent in 2006 to less than 1/2 per cent in 2016.11 This decline has reduced potential output growth and investment demanin 2006 to less than 1/2 per cent in 2016.11 This decline has reduced potential output growth and investment demanin 2016.11 This decline has reduced potential output growth and investment demand.

Growth in the all - important US services sector slowed for a third straight month in April, according to a closely watched survey, as optimism over the state of the American economy is tempered by concerns over labour shortage and rising input costs.

But oil's wild ride has exposed fissures that have been deepening for years, such as Canada's overreliance on household debt and real estate for growth, as well as imbalances in trade and the labour market.

Looking forward, the survey also suggests that businesses expect a modest pick - up in growth of labour costs in the September quarter.

The September quarter NAB survey finds that labour cost growth picked up to 0.7 per cent in the September quarter, although respondents expect it to return to around 0.5 per cent in the December quarter.

Low overall inflation has, to a large extent, been a result of relatively subdued growth in unit labour costs.

The NAB survey indicates that the growth of labour costs has picked up over the year to June, though the rate of growth in this series is still quite low.

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.

An expected continuation of positive labour market conditions and strong growth in household income, coupled with falling petrol prices and further scheduled tax cuts in July, also point to the pace of consumption growth remaining firm.

In the United Kingdom, the economy remains buoyant, spurred by a strong labour market and continued rapid growth in house prices (Graphs 10 and 11In the United Kingdom, the economy remains buoyant, spurred by a strong labour market and continued rapid growth in house prices (Graphs 10 and 11in house prices (Graphs 10 and 11).