Sentences with phrase «recession high of»

The U.S. unemployment rate fell to 7.6 % last month, down from a recession high of 10 % in 2009.

Not exact matches

The OECD data finds other industrialized countries, not members of the G7, have come out of the slump a shade better than Canada, including Austria, Israel, Sweden and Switzerland, all of whom have higher employment rates today than prior to the recession.

Since the recession ended in mid-2009, the economy has been expanding at sub-par rates as a string of problems from higher gas prices to Europe's debt crisis have acted as a drag on the U.S. economy.

Rudd's $ 43bn fast web gamble The global recession has forced Kevin Rudd to scrap plans for a high - speed national broadband network funded by the private sector and wager at least $ 21.9 billion of taxpayers» money to fund his election pledge to bring internet speeds into the 21st century.

However, although the BCC believes the country will manage to avoid recession, it does anticipate slowing economic momentum over the next two years given higher inflation trends and a continued lack of clarity about the process by which the U.K. leaves the EU.

But it is also true that we have come a long way since Paul Volcker, the iconic former chairman of the U.S. Federal Reserve, induced a recession to break the back of the high inflation that plagued economies through the 1970s.

In this case, the American Enterprise Institute took some restaurant industry employment data for Seattle from the Federal Reserve Bank of St. Louis and blamed a higher minimum wage for the worst decline in restaurant jobs since the Great Recession.

After decades of political unrest, recession and high unemployment, Ireland was the fastest - growing economy in the European Economic Community (the precursor to the EU), with annual growth of more than 5 %.

«If the fall in the stock market continues, that suggests a higher risk of recession, which can't be good for small businesses and startups.»

But Italy's current debt load is quite high, and the country's leaders surely won't relish the opportunity of going into the next recession as the weakest and most indebted in the eurozone.

He said years of «breathtakingly massive» corporate stock buybacks since the end of the Great Recession are giving way to the high - end retail investor taking the reins.

«Job cuts have already surpassed last year's total and are on track to end the year as the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail - end of the recession,» said John A. Challenger, CEO of Challenger, Gray & Christmas.

While there have been improvements in some labour market indicators, the number of people who have been unemployed for over a year has remained frustratingly high since the end of the recession, as shown in the graph below.

A coalition of adverse forces seemed allied against Foster's determination and high hopes: (1) there was potential for a strike, should Foster balk at union demands; (2) 1983 might have proved not even close to the bottom of the recession for heavy machinery; (3) who knew what EPA standards the former owner had let slide, that the new one might be called on to correct?

COPENHAGEN, Oct 9 - Denmark's current account surplus swelled to a near - record high and the trade surplus rose in August, signs its economy was holding up well in the face of recession across Europe.

The second - quarter results mark the third consecutive quarterly increase in optimism about the U.S. economy, reaching one of the highest levels since the Great Recession, the survey says.

That's why a brightening economic picture in 2013 (U.S. GDP grew by an average of 3.4 % in the second half of 2013 and job growth was the highest since the end of the recession) helped improve TravelCenters» performance and stock last year.

All the while, the industry thrived financially under a combination of high oil prices, low natural gas prices (a major input cost), recession - induced relief from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.

But a series of shocks to the market — including plunging oil prices, Western sanctions, recession and higher beer taxes — has diminished its weight in the brewer's earnings.

One of the best coincident and real - time indicators of bursting bubbles and recessions is the yield spread between US high - yield corporate bonds and the 10 - year US Treasury.

What small - business groups should advocate comes down to a fundamental question: Do they believe in their own economic analysis enough to risk a recession that could hurt many small - business owners in a game of chicken over taxes on the highest earning Americans?

Yet while the Fed has eased policy to lower joblessness and raise inflation in the wake of the 2007 - 2009 recession, central banks such as the BoE have also launched accommodative bond - buying programs despite higher - than - desired inflation rates.

She believes the current high unemployment levels are an effect of the recession, rather than of structural shifts in the economy, and that the Fed must fight joblessness before dislocated workers become permanently detached from the labour force.

While a recession isn't the base - case scenario for most economists right now, concerns of a recession happening soon are high.

«I'm simply saying nope; they are rallying because when oil goes higher, this market's clinically depressed mind starts to believe that the consumer might live to spend another day instead of being mired in the coming Chinese - inspired, Fed - induced recession,» Cramer said.

«Despite entering the latter years of a typical expansion and high margins vs. history, we now think the trailing S&P PE should average 17 vs. 16 until elevated recession risk returns.»

But the unemployment rate for African - Americans was 8.8 percent in April, as high as the white unemployment rate was in the middle of the recession.

Moreover, CBO's latest baseline assumptions predict earnings to grow faster for high - income earners than for others in the next decade, [32] suggesting that the Great Recession and financial crisis may have had only a temporary impact on the rising trend of income gains at the top, much as the impact of the dot - com collapse in the early 2000s was only temporary.

A major recession could, of course, have a major impact on the industry - and potentially make this forecast too high.

«After a recession that was milder than in many parts of the country, we are seeing signs of a modest recovery in New York, but little growth elsewhere in the region and unemployment remains painfully high,» said William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York.

A woman I work with borrowed against her 401k to buy a ski - in, ski - out condo for around $ 150k during the recession, which she now rents out on a daily basis for a crazy high return, as in her gross rents paid for the entire purchase price after 2 years of ownership, and she's now paid back her 401k loan.

In this new normal, recessions will tend to be longer and deeper, recoveries slower, and the risks of unacceptably low inflation and the ultimate loss of the nominal anchor will be higher (Reifschneider and Williams 2000).

The economists did offer some caveats to their view, adding that risk - reward tradeoffs don't necessarily look attractive, valuations remain high — particularly in U.S. high - yield credit — and there's a growing risk of an overheated labor market and recession down the road.

As a share of the economy, deficits are currently 3.1 percent of GDP and will reach 5.0 percent of GDP in 2027 and 9.0 percent of GDP within three decades — higher than any time except for 5 years during World War II and the Great Recession.

That is, there has been a reasonably high correlation in the timing of recessions and expansions among developed countries over the past few decades.

Acquisition opportunities in Special Situations may fit GPB Capital's key acquisition criteria of current and sustainable yield, recession resilient, high barriers to entry and proven operating partners / management teams.

Millennials have grown up in the shadow of the Great Recession, are saddled with higher education debt and housing costs, and are forming households later.

In my view, it is very important to understand that the rally we've seen in stocks was a momentum rally from a deeply oversold low, starting from a very high historical level of valuation, and never generating the favorable trend uniformity which has always appeared prior to past recession lows.

The expansionary period that followed the recession in 1960 - 61, which was a result of high unemployment and a shift to foreign - made cars, was met with another sharp decline as the Fed began to tighten monetary policy.

While the Great Recession remains a recent memory, August's highs actually punctuate a significant period of market growth that began in 2009.

Flaherty said the «modest» state of Canada's economic recovery and the slow rebound from the recession elsewhere mean the Canadian economy might not be able to take the hit of sharply higher EI premiums.

The telltale warnings in 1980 were the failure of capacity utilization to surge higher, as it typically does after recessions, while the Help Wanted Advertising Index also stalled, increasing only from 76 to 84.

Last year, it was relatively flat — often a sign of impending recession, but instead a result of higher short - term rates with expectations of Federal Reserve tightening.

Spain's household savings rate fell to its lowest level on record in the third quarter of last year as high unemployment and wage deflation in the latest recession obliged them to devote more of their disposable income to consumption, according to figures released Wednesday by the National Statistics Institute (INE).

So investors might have believed that the extraordinarily depressed market valuations of 1974 and 1982 were «justified» by recession and high interest rates, but that did nothing to prevent the S&P 500 from enjoying remarkably high returns in subsequent years.

Also, the notion of extra or higher inflation as a backstop to recession seems illusionary if not downright whimsical.

Under the more adverse scenario of a longer and deeper recession, the two - year loss rates on average across the 19 banks were projected to be as high as experienced during the Great Depression.

A study of S corporations (small firms with 100 or fewer shareholders who are taxed as a partnership) found that those with ESOPs had higher average employment growth in the 2006 - 2008 pre-recession period than did the economy as a whole, and they also had faster growth following the recession from 2009 to 2011.

The S&P 500 hit a pre-credit crisis high of 1565.2 on October 9, 2007 before cratering all the way down to 676.5 during the «Great Recession» and a severe bear market followed.

Scott Sumner told us in September 2009 that «the real problem was nominal,» that is, the recession and its high unemployment were primarily due to an unsatisfied excess demand for money (combined with real effects on debt burdens of nominal income being below its previous path).