Not exact matches
The last dot shows where the rate is today — close to zero (~ 40 bps)-- which is where it should be IMHO as we're not yet
at full employment and there's no worrisome signs of overheating; inflation
remains quiescent such that the Fed keeps missing their 2 % inflation target on the downside.
Economic growth has been falling since 2010 and the economy has been operating below its potential since then;
employment growth, particularly
full time
employment growth has struggled; in 2014 only 121,000 jobs were created;
employment growth has not kept up with population growth; labor force participation has declined to its lowest level since 2000; long - term unemployment has increased; the unemployment rate
remains stuck
at just under 7 per cent, and youth unemployment is
at 14 per cent; business investment has stagnated; and Canadians are losing confidence in their economic future.
Even the Federal Reserve seems to be perplexed
at why inflation
remains so low in the face of
full employment and an economy that seems to be doing just fine.
The U.S. economy is operating
at near
full employment levels, wages are rising, interest rates and fuel prices
remain low and consumer confidence
remains high.
Daniel Barnett,
employment law barrister
at 1 Temple Gardens, says: «It
remains good practice for employers to carry out a
full risk assessment; not doing so might not be discriminatory in its own right, but it runs the risk the employer might miss a reasonable adjustment and be liable as a result.»
Apparently, the central bankers believe the economy is still gaining traction and see unemployment falling to a 4.5 percent next year and
remaining at that level, which is considered to be close to
full employment.