Not exact matches
In Africa, financiers shuddered as Nestlé announced it would slash its
labor force over disappointing middle - class
growth.
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.
On Wednesday, the OECD said immigration had accounted for one - half of U.K. GDP
growth since 2005, resulting
in a stronger
labor force growth and helping ameliorate the challenge of an ageing population.
To fully realize the economic benefits of having more women
in the
labor force, Japan needs to provide incentives for women to seek out more full - time work
in high
growth areas, he said.
Even with the talent its well - respected universities produce... is Amazon, a company that thinks of
growth in terms of decades, going to locate a headquarters
in a place where it might have to hire over 4 percent of the metro area's
labor force with uncertainty over whether that
labor force will ever grow?
By 2015, analysts had significantly marked down GDP
growth, based on the fact that the
labor force had contracted more than they thought back
in 2007 and productivity
growth was slower.
Potential economic
growth is going to slow dramatically over the coming years because of slowing
growth in the
labor force, due to growing demographic trends, and continued poor productivity performance.
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.
This slower population
growth, combined with the declining participation rate, will result
in slower
growth in the
labor force through 2024.»
While the assumptions about the future unemployment rate may be affected by policy, the fact is that slower U.S. population
growth, coupled with an aging population, place substantial limits on
labor force growth, which will leave U.S. GDP
growth almost entirely dependent on changes
in productivity.
Of the other MINTs: Indonesia is
in a stable recovery, but the importance of commodities like coal and palm oil means it will not return to previous
growth levels soon; Nigeria's economy remains overdependent on oil, though Phylaktis sees its «fast - growing population and
labor force feeding faster economic
growth over the medium term»; and while «Turkey has a lot of potential,» Lau says, «its political and economic management is questionable and casts a shadow over the economy.»
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).
Productivity gains have been weak, the participation rate (meaning the percentage of the
labor force in employment) declined to 62.6 %
in June — the lowest level since 1977 — and hourly wage
growth was flat
in the same month.
We are currently seeing weak
growth in the
labor force, and that shows no signs of changing soon.
Economic
growth depends largely on the size of the population
in the
labor force, making the steady wave of baby boomer retirees cause for concern.
The slowdown
in growth of the economy's potential
in 2016 reflected a deceleration
in the
growth of the potential
labor force.
At the same time, the
growth of the potential
labor force has been slowing since reaching a peak
in 1972.
From the supply side, it is hard to imagine that, with 4.1 percent unemployment, the economy can continue creating anything like 200,000 jobs a month, given that normal
growth in the
labor force is about 60,000 people.
For example, when the CEI (blue dotted line) is adjusted for
growth in population (red dotted line) or the
labor force (black dotted line), the stock market's failure to sustainably break out above its Apr 26 high
in the S&P 500 index (SPX) at 1220 is understandable, as it has been predictable by our business cycle model explained our email to you four days ago (copied
in below).
The pace of wage
growth has been restrained amid excess slack
in the
labor markets, but the
labor force participation rate has recently stabilized and
labor markets are currently nearing full employment, supporting core inflation.
Economic expansion
in this core was associated with two other dominant trends:
growth in population (the so - called demographic transition, which both facilitated, and was facilitated by, industrialization) and the geographic inclusion of previously isolated, local, and ethnic sectors of the population into the commercial and industrial
labor force.
That man is the product of causes which had no prevision of the end they were achieving; that his origin, his
growth, his hopes and fears, his loves and his beliefs, are but the outcome of accidental concatenations of atoms; that no
force, no heroism, no intensity of thought or feeling, can presume an individual life beyond the grave; that all the
labors of the age, all the devotion, all the inspiration, all the noon - day brightness of human genius, are destined to extinction
in the vast death of the solar system, and that the whole temple of Man's achievement must inevitably be buried beneath the debris of a universe
in ruin... all these things, if not quite beyond dispute, are yet so nearly certain, that no philosophy which rejects them can hope to stand.
Around the world, governments are emphasizing women's participation
in the
labor force as a solution for economic
growth, gender equality, and poverty reduction.
Overall, the
labor force in New York dropped by 78,000 workers, which some experts say could limit prospects for overall economic
growth.
Growth in Low - Skilled, Low - Wage Occupations: A sizeable share of the county's
labor force is employed
in low wage occupations.
«New York City was the only region that experienced
growth in its
labor force, with the
labor force declining
in all the other regions of the State,» the report said.
In a study of how recent Chinese imports affected the U.S.
labor force, the researchers found that counties with higher rates of self - employment suffered fewer negative effects, such as reduced job
growth, from increased imports than counties with lower self - employment rates, said Stephan Goetz, professor of agricultural and regional economics, Penn State and director of the Northeast Regional Center for Rural Development.
The plans for technological innovation are small but important pieces of Prime Minister Shinzo Abe's
Growth Strategy, which also includes recommendations to streamline the agricultural sector, promote the participation of women
in the
labor force, and enhance the competitiveness of Japan's manufacturers.
A similar study of how
growth responds to the percentage change
in the
labor force's average years of schooling found no relationship between
growth in years of schooling and
growth in GDP per capita.
Recent work
in which Dennis Kimko and I have been engaged has looked closely at the size of the impact of
labor force quality, as measured by tests of cognitive ability, on the economic
growth of countries.
On work, Murray notes the great increase
in the percentage of the population on disability payments, from under 1 to more than 5 percent of the
labor force, and the
growth in the number of prime - age males who are not
in the
labor force, contrasted with almost all
in the
labor force in 1960.
A significant proportion of the economic
growth experienced
in the US and
in Europe during the 20th century was caused by the entry of women into the
labor force.
IMF says better and fairer inclusion of women
in the
labor force would contribute significantly to
growth in every country.
Over the past ten years, the Massachusetts's
labor force has grown an anemic 1.5 percent, the 47th lowest
growth rate
in the nation.
During most of the last century, steady increases
in the proportion of the
labor force that had graduated from high school fueled the nation's economic
growth and rising incomes.
The recent release of the March employment data reflecting the pitiful
growth in net new jobs for the month of 88,000, while almost half a million more Americans left the
labor force during the month, sent the experts scurrying once again to explain why, four years after the technical end of the so - called great recession, -LSB-...]
Half of that came from
growth in the civilian
labor force, which expanded at 1.5 % a year.
With economic
growth constrained by slow
growth in the
labor force, we're also likely to see slow
growth in corporate earnings.
Turkey has a lot going for it too, like a young population, GDP
growth of more than double us here
in North America, a low - cost
labor force which is attracting European manufacturers, and most importantly for us today, one of the world's lowest CAPE ratios.
Economic
growth can be boiled down to two factors:
growth in working - age population and
growth in labor force productivity.
The steel, aluminum, and scrap metal industries balance the high technology sectors and produce top tier candidates experienced
in overseeing various associated aspects of such industries, including a skilled
labor force, manufacturing and shipping, and the high - level decision - making required to maintain company
growth and success
in a competitive environment.
Train, lead and develop a community program that will allow for
labor force growth within the communities it serves and increase the training and education options for people that want an alternative to college or have an interest
in technical skills career options.
The subpar
growth reflects weak productivity
growth, which has averaged less than 1 % over the past five years, and a low rate of
labor force participation that remains at levels last seen
in the 1970s.
«Though the main long - term drivers of housing activity remain stalled — namely below average
growth in median household income,
labor force participation, bank lending and household formation — metro markets continue to get a boost from pent - up demand caused by the low inventory that plagued housing for the past two years,» Redfin researchers note.
In a report issued from the Congressional Budget Office (CBO) in January, average GDP growth was projected to be less than 2 % per year between 2017 and 2020 due to sluggish growth in the labor force of 0.5 % and productivity growth of less than 1.5 % per yea
In a report issued from the Congressional Budget Office (CBO)
in January, average GDP growth was projected to be less than 2 % per year between 2017 and 2020 due to sluggish growth in the labor force of 0.5 % and productivity growth of less than 1.5 % per yea
in January, average GDP
growth was projected to be less than 2 % per year between 2017 and 2020 due to sluggish
growth in the labor force of 0.5 % and productivity growth of less than 1.5 % per yea
in the
labor force of 0.5 % and productivity
growth of less than 1.5 % per year.
Demographics patterns
in the U.S. today do not support strong gains
in the working age population and
labor force without changes
in immigration rates, while productivity
growth has been stubbornly weak.
The Congressional Budget Office (CBO) estimates that during the 1950 — 1973 period, the
labor force grew 1.6 % per year, while
labor productivity grew at a strong 2.4 % rate, resulting
in overall potential
growth of 4 % annually.
The key issue
in 2018 is whether these people return to the
labor force, boosting employment
growth but keeping wages
in check, or remain out of the
labor force, allowing wage pressures to build?
In a report issued by the Congressional Budget Office (CBO) in January, average GDP growth was projected to be less than 2.0 percent per year between 2017 and 2020 due to sluggish growth in the labor force of 0.5 percent and productivity growth of less than 1.5 percent per yea
In a report issued by the Congressional Budget Office (CBO)
in January, average GDP growth was projected to be less than 2.0 percent per year between 2017 and 2020 due to sluggish growth in the labor force of 0.5 percent and productivity growth of less than 1.5 percent per yea
in January, average GDP
growth was projected to be less than 2.0 percent per year between 2017 and 2020 due to sluggish
growth in the labor force of 0.5 percent and productivity growth of less than 1.5 percent per yea
in the
labor force of 0.5 percent and productivity
growth of less than 1.5 percent per year.
Additional downward pressure on the unemployment rate is likely to occur
in the coming months as job
growth continues to exceed
labor force growth.