Kind of like telling employees that employers want the opposite of what they really want in order to decrease success
rates in labor market matches.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft
market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and
markets in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from
labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Information since the Federal Open
Market Committee met in March suggests that the labor market has continued to strengthen and that economic activity has been rising at a moderate
Market Committee met
in March suggests that the
labor market has continued to strengthen and that economic activity has been rising at a moderate
market has continued to strengthen and that economic activity has been rising at a moderate
rate.
Indeed, the evidence I reviewed does not support the view — expounded by the new Bank of Japan management — that by buying more longer - dated securities (i.e., running printing presses a bit faster) will boost upward pressures
in labor and product
markets to bring stronger economic growth and an inflation
rate of 2 percent.
If growing unemployment was not enough, a decline
in labor market participation was also on the rise, the ILO said, a warning borne out by the latest U.S. jobs data from December which showed that the
labor force participation
rate tumbled to 62.8 percent, its worst level since January 1978.
He identified three obstacles that could affect any possible recovery
in the global employment
rate: «Over the fore ¬ seeable future, the world economy will probably grow less than was the case before the global crisis,» complicating «the task of generating the over 42 million jobs that are needed every year
in order to meet the growing number of new entrants
in the
labor market.»
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.
She also said that despite a 4.9 percent unemployment
rate that is bumping up against the Fed's standard for full employment, there «appears to be scope for some further improvement
in the
labor market.»
Japan «s unemployment
rate held steady
in October as the availability of jobs improved and household spending fell at a slower pace, a tentative sign that a robust
labor market is lending support to domestic demand.
This is particularly significant
in the context of the
labor market, considering that inflation — and, by extension, wage inflation — is arguably the most important input for the Federal Reserve as it decides how quickly to raise interest
rates.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and
markets in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial
market conditions, fluctuations
in commodity prices, interest
rates and foreign currency exchange
rates, levels of end
market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit
market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including
market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and
labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general
market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the
market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
«I don't see raising the target range for the fed funds
rate above its current low level
in 2015 as being consistent with the pursuit of the kind of
labor market outcomes that we are charged with delivering,» he said.
On Wall Street, stocks rose on Friday after job growth surged more - than - expected
in June, reaffirming
labor market strength that could keep the Federal Reserve on track for a third interest
rate hike this year.
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.»
The state's
labor market is also suffering: The November 2015 unemployment
rate of 6.5 % was the third highest
in the country, and West Virginia was one of only five states to see a drop
in nonfarm payroll employment between November 2014 and November 2015, with a 1.4 % decline.
Conservative politicians and hawkish economists have at times criticized the Fed's «full employment» mandate
in large part because the main monetary policy tool, the short - term interest
rate, has only an indirect effect on the
labor market.
«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 Fed statement said: «The Committee anticipates that it will be appropriate to raise the target range for the federal funds
rate when it has seen some further improvement
in the
labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.»
The stock
market opened way down, continuing last Friday's selloff, though it has climbed back since the open — implying the return of volatility — as skittish investors continue to fear the sequence I describe
in this AM's WaPo: tight
labor market, wage pressures, higher interest
rates, inflation, lower profit margins.
«
In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,» Yellen said in prepared remarks to a central bankers conference in Jackson Hole, Wyo
In light of the continued solid performance of the
labor market and our outlook for economic activity and inflation, I believe the case for an increase
in the federal funds rate has strengthened in recent months,» Yellen said in prepared remarks to a central bankers conference in Jackson Hole, Wyo
in the federal funds
rate has strengthened
in recent months,» Yellen said in prepared remarks to a central bankers conference in Jackson Hole, Wyo
in recent months,» Yellen said
in prepared remarks to a central bankers conference in Jackson Hole, Wyo
in prepared remarks to a central bankers conference
in Jackson Hole, Wyo
in Jackson Hole, Wyo..
In that scenario, I would expect no more than one Fed policy
rate hike this year, as
labor market strength has been the highlight of recent economic performance.
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.
In saying the Fed expected «moderate» economic growth, «additional strengthening in the labor market» and inflation rising toward the central bank's annual 2 % target, Yellen appeared to be preparing financial markets for a potential rate hike after the central bank's Sept. 20 - 21 meetin
In saying the Fed expected «moderate» economic growth, «additional strengthening
in the labor market» and inflation rising toward the central bank's annual 2 % target, Yellen appeared to be preparing financial markets for a potential rate hike after the central bank's Sept. 20 - 21 meetin
in the
labor market» and inflation rising toward the central bank's annual 2 % target, Yellen appeared to be preparing financial
markets for a potential
rate hike after the central bank's Sept. 20 - 21 meeting.
If the banks could just be stabilized, if the «
markets» could just be elevated back
in the direction of peak 401 (k) levels, if interest
rates could just be lower so that borrowers would inevitably take the bait, then
labor — job creation — would inevitably follow.
The U.S. Bureau of
Labor Statistics (BLS) reported on Friday that the U.S. economy added 80,000 jobs
in June, leaving the jobless
rate unchanged at 8.2 %, disappointing analysts and driving the stock
market downward even though the data showed that all of the new jobs came from the private sector.
The GS team concludes that the
labor market in particular has outperformed their historical comparison groups, as shown through the unemployment
rate comparison below.
Employers added 255,000 jobs last month and the unemployment
rate held steady at 4.9 %
in yet another strong report on the conditions of the US
labor market.
«The tight
labor market is putting some upward pressure on wages, and this should continue as we look for the unemployment
rate to trend lower,» said Ryan Sweet, senior economist at Moody's Analytics
in West Chester, Pennsylvania.
ER: Federal Reserve staff forecasts, like those of the bulk of private forecasters, see the
labor market tightening considerably over the next three years — and this is the case even assuming more
rate increases than are currently anticipated by
market participants and reflected
in market rates.
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.»
Labor market reforms have expanded the workforce
in Japan, helping explain why wage growth remains limited even with the country's unemployment
rate at three - decade lows.
Even apart from the desirability of allowing inflation to rise above two percent
in a happy economic scenario GDP,
labor market and inflation expectations data all make a compelling case against a
rate increase.
The
labor market in Fargo shows a lot of promise, as the city has the second - lowest unemployment
rate on our list, behind only neighboring Sioux Falls, S.D. And, future job growth over the next 10 years is estimated at nearly 43 percent, according to Sperling's.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its
market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital
markets; increased pension,
labor and people - related expenses; volatility
in the
market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; disruptions
in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
Factors that could cause actual results to differ materially from those expressed or implied
in any forward - looking statements include, but are not limited to: changes
in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or at all; the streamlining of the Company's vendor base and execution of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or at all; the amount that we invest
in strategic transactions and the timing and success of those investments; the integration of strategic acquisitions being more difficult, time - consuming, or costly than expected; inventory turn; changes
in the competitive
market and competition amongst retailers; changes
in consumer demand or shopping patterns and our ability to identify new trends and have the right trending products
in our stores and on our website; changes
in existing tax,
labor and other laws and regulations, including those changing tax
rates and imposing new taxes and surcharges; limitations on the availability of attractive retail store sites; omni - channel growth; unauthorized disclosure of sensitive or confidential customer information; risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including issues caused by high volumes of users or transactions, or our information systems; factors affecting our vendors, including supply chain and currency risks; talent needs and the loss of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather - related disruptions and seasonality of our business; and risks associated with being a controlled company.
Moreover, to support a stronger economic recovery, the FOMC is purchasing long - term Treasury securities at a
rate of $ 45 billion per month and agency mortgage - backed securities (MBS) at a
rate of $ 40 billion per month, and will continue purchasing assets until it sees substantial improvement
in the outlook for the
labor market, conditional on ongoing assessment of benefits and costs.
Commenting on Mr. Greenspan's remarks, David Hale of Kemper / Zurich International pointed out that as a result of Europe's more «rigid» (that is, unionized)
labor markets, «If France or Germany had enjoyed America's success
in reducing unemployment, their trade union movements would be pushing up wages aggressively and setting the stage for a monetary tightening to slow down the economy's growth
rate.»
In fact, given that the U.S. labor market likely experienced its cyclical peak at the end of 2015 and the Fed began raising rates too late in my opinion, current Fed Funds futures are pricing in essentially only one hike in 2016, according to data accessible via Bloomber
In fact, given that the U.S.
labor market likely experienced its cyclical peak at the end of 2015 and the Fed began raising
rates too late
in my opinion, current Fed Funds futures are pricing in essentially only one hike in 2016, according to data accessible via Bloomber
in my opinion, current Fed Funds futures are pricing
in essentially only one hike in 2016, according to data accessible via Bloomber
in essentially only one hike
in 2016, according to data accessible via Bloomber
in 2016, according to data accessible via Bloomberg.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, operating
in a highly competitive industry; changes
in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its
market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes
in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the United States and
in various other nations
in which we operate; the volatility of capital
markets; increased pension,
labor and people - related expenses; volatility
in the
market value of all or a portion of the derivatives we use; exchange
rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events
in the locations
in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock
in the public
markets; the Company's ability to continue to pay a regular dividend; changes
in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its
market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company
in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital
markets; increased pension,
labor and people - related expenses; volatility
in the
market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform,
labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred
in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and
marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions
in the delivery of food and other products; volatility
in the
market value of derivatives; general macroeconomic factors, including unemployment and interest
rates; disruptions
in the financial
markets; risk of doing business with franchisees and vendors
in foreign
markets; failure to protect our service marks or other intellectual property; a possible impairment
in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes
in accounting standards; and other factors and uncertainties discussed from time to time
in reports filed by Darden with the Securities and Exchange Commission.
The second thing is that the unemployment
rate especially and
labor markets in general are moving toward something that is closer to full employment than we've seen
in a long time.
In other words, for two years of economic recovery, the labor market in the U.S. has been doing only slightly better than treading water, and much of the improvement in the unemployment rate can be attributed to people dropping out of the labor force either because they've given up looking for work or because they've retire
In other words, for two years of economic recovery, the
labor market in the U.S. has been doing only slightly better than treading water, and much of the improvement in the unemployment rate can be attributed to people dropping out of the labor force either because they've given up looking for work or because they've retire
in the U.S. has been doing only slightly better than treading water, and much of the improvement
in the unemployment rate can be attributed to people dropping out of the labor force either because they've given up looking for work or because they've retire
in the unemployment
rate can be attributed to people dropping out of the
labor force either because they've given up looking for work or because they've retired.
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...»
In its statement, the Fed said, «Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rat
In its statement, the Fed said, «Information received since the Federal Open
Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate
Market Committee met
in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rat
in March indicates that the
labor market has continued to strengthen and that economic activity has been rising at a moderate
market has continued to strengthen and that economic activity has been rising at a moderate
rate.
These concerns have come about due to high growth
rates, strong
labor markets, and apparently high
rates of price growth
in products.Long term growth is usually attributed to population growth, growth of capital stock and technological innovations.
Although unemployment across Europe has been falling and
in Germany the unemployment
rate is at a post reunification low,
labor market pressures simply are not building.
Information received since the Federal Open
Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate
Market Committee met
in March indicates that the
labor market has continued to strengthen and that economic activity has been rising at a moderate
market has continued to strengthen and that economic activity has been rising at a moderate
rate.
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.
Despite the weakness
in manufacturing payrolls (a loss of 36,000 jobs
in goods - producing sectors
in May) that accompanies this secular shift,
labor market tightness has allowed for some moderate wage gains and further declines
in the unemployment
rate, beyond the influence of the declining participation
rate.