The phrase
"pace of job creation" refers to the speed or rate at which new jobs are being created in an economy.
Full definition
This stagnation comes despite monthly jobs reports, such as the one due Friday, showing a
steady pace of job creation and a decline in unemployment.
The
solid pace of job creation attracted 64,000 more people into the labor force in December and a total of 869,000 in the past year.
Even then, private - sector job creation from October through April (171,000 private - sector jobs a month) lags just slightly behind
the pace of job creation for the previous six months (172,000), entirely under President Barack Obama.
Maybe the first indication is they don't get rid of those people but
the pace of job creation slows down.»
«This may simply be a coincidence, but more likely higher labor costs are impacting
the pace of job creation.»
«Potential disruptions from yet another government shutdown in mid-December and a slower
pace of job creation and income growth are just a few key factors that will impact holiday shoppers» spending this year,» continued Shay.
After an encouraging pick up in
the pace of job creation around the turn of the year, the employment report for March showed a gain of only 88,000 jobs.
At the same time, a program designed to offer a decade of tax - free operations for companies that come to New York and grow jobs has been questioned for the slow
pace of job creation.
This is especially true of the labor market where
the pace of job creation has accelerated.