To win in the north - west it needs just 8 % of the vote, barely 1.5 % more than it got in 2004 - the days
of near full employment and before the credit crunch; in the West Midlands only an extra 1.6 %; and in Yorkshire and the Humber just 4.3 % more.
Not exact matches
Fuel prices remain relatively low, the jobs report continues to show that we are
near full employment, and small business lending has rebounded from the depths
of the credit crunch to record levels by some measures.
That suggests ongoing job growth in an economy many regard as
near full employment, with the jobless rate at a 17 - year low
of 4.1 percent.
Several Fed committee members suggested that the economy is at or
near full employment, or the level
of unemployment below which inflation becomes a concern.
At that level, joblessness is
nearing the threshold that economists and the Fed consider close to
full employment; inflation foes worry that allowing the unemployment rate to fall significantly below 5 percent runs the risk
of leading to an overheated economy.
It would take five more years
of 180,000 per month new jobs without interruption to be
near full employment.
However, with the economy
nearing full employment, easy money could set off a wage - price spiral reminiscent
of 1970s double digit inflation.
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.
Over the past year a
near - record 383,300 more Australians have been funnelled into
employment, all but 87,700
of them
full - time.
And with the U.S. economy
near full employment and millions
of jobs open in the private sector, the situation is growing more dire by the day.