This assessment will take into account a wide range of information, including measures
of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
However, the stage is set for inflation to accelerate due to
tightening labor market conditions, higher oil and energy prices, and rising home prices and apartment rents.
Yet, by these same metrics, we would need to see at least three more years like 2014
for labor market conditions to return to their 2006 levels.
And teacher experience implicitly captures the effects of the prevalent graduation requirements and
labor market conditions at the time when teachers were hired.
Your reasons may depend on a number of factors, such
as labor market conditions, scheduling preferences or your plans for professional development.
While I have a long track record of advocating for policy that supports
robust labor market conditions, that is below the rate that I believe is sustainable in the long run.
This growth in consumer spending probably is due, in part, to improvements
in labor market conditions, household balance sheets and household access to credit.
This possibility was reinforced by the comments made after the September FOMC meeting, where the Fed maintained the current 1 % to 1-1/4 % target rate «in view of realized and
expected labor market conditions and inflation...»
Later, the committee said the current stance of monetary policy is «supporting
strong labor market conditions,» a contrast to the language from the previous meeting that indicated «some further strengthening.»
In light of the cumulative progress toward maximum employment and the improvement in the outlook for
labor market conditions since the inception of the current asset purchase program, the Committee decided to make a further measured reduction in the pace of its asset purchases.
Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter,
labor market conditions continuing to strengthen, and inflation making progress toward the Committee's 2 percent objective, then it likely would be appropriate for the Committee to increase the target range for the federal funds rate in June.
U.S. small businesses created 55,000 jobs in November but employees worked fewer hours and earned less money, according to a survey on Tuesday that highlighted the still
weak labor market conditions.
Following the 2008 financial crisis, the Federal Reserve's focus
on labor market conditions played a large role in the formulation of unconventional policies, and in doing so, investors were induced to take risk and participate in the equity market
«Even though August's numbers were softer than those of recent months,
labor market conditions remain strong overall,» says Brian Schaitkin, senior economist for The Conference Board.
This is due partly to
tighter labor market conditions as evidenced by the falling unemployment rate (5.5 % as of May at the national level and down from 9.9 % in late 2009) as well as partly to the recent and planned increases in the minimum wage rate in many cities and states.
Taking into account the extent of federal fiscal retrenchment since the inception of its current asset purchase program, the Committee sees the improvement in economic activity and
labor market conditions over that period as consistent with growing underlying strength in the broader economy.
Other determinants, including
local labor market conditions, parental education and family structure appear to have a greater impact on child poverty levels, according to Myungkook Joo, assistant professor in Rutgers School of Social Work, who authored the study.
«Consumers» assessment of the current state of the economy is relatively unchanged, primarily
because labor market conditions have yet to significantly improve,» said Lynn Franco, director of the Conference Board's consumer research center.
The NIC MAP Bureau of Labor Statistics Employment and Wage Report is designed to offer valuable insights
into labor market conditions at the metropolitan area, state, and national level by providing comprehensive data on employment levels and wage rates by occupation.
«Markets showing consistent price stability or increases are those with
solid labor market conditions, such as in Washington, D.C.; San Antonio; or Fargo, N.D.»
The Fed noted that its decision reflected «realized and
expected labor market conditions and inflation», but that the current level of the federal funds rate remains «accommodative», supporting... Read More»
Further evidence of
tightening labor market conditions was reported in the Federal Reserve's beige book, a June report based on anecdotal information collected across the central bank's 12 districts.
Despite the unemployment rate dropping to 8.2 percent, the lowest rate in more than three years, it is not indicative of
improving labor market conditions, as the rate was driven by a substantial decline in the labor force.
Taking into account the extent of federal fiscal retrenchment, the Committee sees the improvement in economic activity and
labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy.
Taking today's data as a whole, «guts» of the Payrolls report revealed conflicting readings on
overall labor market conditions amid claims that «it is the weather.»
«The recent behavior of both nominal and real wages point to
weaker labor market conditions than would be indicated by the current unemployment rate,» Yellen said in a speech to central bankers last week.
The study concludes that U.S. news releases
on labor market conditions, real GDP growth, and consumer sentiment have large effects on interest rates in both the U.S. Treasury and German sovereign bond markets.
«Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement
in labor market conditions in a context of price stability.»
«The stance of monetary policy remains accommodative, thereby supporting
strong labor market conditions and a sustained return to 2 percent inflation.»
In light of the cumulative progress toward maximum employment and the improvement in the outlook
for labor market conditions, the Committee decided to modestly reduce the pace of its asset purchases.
The central bank further affirmed that
labor market conditions remained weak, that household spending was gaining just modestly, that investment in nonresidential structures was still limited, and that the housing market was staying depressed.
Additionally, most FOMC participants also saw relatively low risks of unwanted increase in inflationary pressures amid
tighter labor market conditions, and there are signs that the risk management argument (asymmetrical risk with policy rate near effective lower bound) is gaining traction as well.
Taking into account the extent of federal fiscal retrenchment since the inception of its current asset purchase program, the Committee continues to see the improvement in economic activity and
labor market conditions over that period as consistent with growing underlying strength in the broader economy.
«The stance of monetary policy remains accommodative after this increase, thereby supporting further improvements in
labor market conditions and a return to 2 percent inflation.»
«The Committee judges that there has been considerable improvement in
labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent objective,» the Federal Reserve said in a statement on Wednesday, suggesting other interest - rate increases are likely, but it would leave the new rate as it was for some time.
Indicators suggest slightly improved
labor market conditions this month.