Sentences with phrase «of labor market slack»

With the unemployment rate down to just 4.1 %, any increase in wages as a share of GDP should be expected to diminish profit margins from the extremes they've enjoyed as a result of labor market slack in this cycle.

A broader measure of labor market slack, the number of people who are in part - time employment but would like a full - time position (the U-6 underemployment rate), has also been drifting lower (to 10.3 % in August).

When the U-3 unemployment rate suggested that the economy was approaching full employment, Chair Yellen held her ground and directed market participants to look at broader economic indicators for signs of labor market slack (please see: Yellen's opposition to following «simple monetary policy rules»).

A key measure of labor market slack - the number of job seekers for every open position - hit its lowest level since 2007 in December.

Not exact matches

The four - week moving average of continuing claims fell 750, to 1.90 million, the lowest level since Jan. 12, 1974, suggesting a continued decline in labor market slack.

The Fed last month gave an upbeat view of the jobs market, saying that labor market slack was «gradually diminishing.»

If this attribution were correct, there would be little labor market slack left in the US economy, and the standard unemployment rate (minus the best - guess nonaccelerating inflation rate of unemployment [NAIRU]-RRB- would be a nearly sufficient target for that slack.

«And at this stage of the game, with inflation BELOW target and plenty of slack in labor markets, that could very well be a mistake.

At the same time, Janet Yellen has said that she's willing to tolerate a period of time in which inflation is above the Fed's 2 % goal, if that stance can help guarantee that slack is eliminated from the labor market and full employment is achieved.

Details of the employment report were upbeat, with most of the measures Fed Chair Janet Yellen tracks to gauge the amount of slack in the labor market showing further improvement.

She said: «But it is my judgment that the lower level of the unemployment rate today probably does not fully capture the extent of slack remaining in the labor market — in other words, how far away we are from a full - employment economy.»

(One third of inequality is due to lack of union density, Perez says, and the labor market still has slack.)

We've also still got slack in the labor market — put all of these factors together and we're a few years behind the US on rates.»

This potential relaxation of fiscal constraints is significant, particularly when you consider that the economy, specifically the labor market, has less slack than at any point in the post-crisis period.

Our analysis leverages data from the U.S. Census and Bureau of Labor Statistics to determine how much new housing a metro can build, the amount of slack in the housing market and the impact of an influx of high - wage workers.

With an energy - related rebound in inflation fading, signs of improving economic conditions need to be put into perspective, as the output gap across the region as a whole remains large, and so does the slack in its labor market.

With an energy - related rebound in inflation fading, signs of improving economic conditions need to be put into perspective — despite the strong performance of Germany, the bloc's largest economy — as the output gap across the region as a whole remains large, and so does the slack in its labor market.

Economist Jessica Hinds at Capital Economics said there is «still plenty of slack in the labor market» with high jobless rates of 16.1 percent in Spain, 10.9 percent in Italy and 8.9 percent in France.

Because the decline is being driven by unusual labor - force flows — aging workers retiring, the lure of government disability payments, discouraged workers and other factors — the jobless rate is a perplexing indicator of job - market slack and vigor.

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.

We analyzed data from the U.S. Census and Bureau of Labor Statistics to determine how much new housing a metro can build, the amount of slack in the housing market and the impact of an influx of high - wage workers.