Sentences with phrase «slack in its labour»

I don't think the Bank of Canada should be any hurry to remove the monetary stimulus that's currently in place: There is still some slack in the labour market — particularly among youths — and inflation has been undershooting the Bank's target for more than a year now.

For wage growth, the bank said despite recent improvements it remains below what would be expected if the economy no longer had slack in its labour force.

Nevertheless, it is likely that there is still substantial slack in the labour market, as poor employment prospects until recently discouraged some people from participating in the labour force.

These improvements were reflected in the rise in the participation rate to 63 %, up 0.6 % since September, confirming there is greater slack in the labour force than conveyed by the headline unemployment rate, and suggesting that longer term unemployed or discouraged workers who have hitherto remained on the sidelines are being pulled back into the labour market by the growth in employment opportunities.

Despite rising employment and participation rates, other indicators point to ongoing — albeit diminishing — slack in the labour market, the central bank said.

The central bank sees ongoing slack in the labour market, likely referring to continued weakness in average hours worked.

Not exact matches

While the near - zero balance of opinion suggests that labour market slack remains, the indicator has continued to improve gradually since the oil price shock, as conditions in affected regions have bottomed out.

Core inflation has been lower than expected in recent months... Core inflation is expected to increase gradually over coming quarters, reaching 2 per cent by the middle of 2013 as the economy gradually absorbs the current small degree of slack, the growth of labour compensation remains moderate and inflation expectations stay well anchored.

Without getting into the detail, one of the measures is very consistent with the slack that we still think exists today in the labour market and that shows up in very modest gains in wages and unit labour costs.

The data suggests to us that material slack remains in the Canadian labour market, in contrast with the U.S. labour market, which is close to full employment.

Labour markets in the region continue to improve, though some slack remains.

Nonetheless, it is likely that considerable slack remains in the labour market, with the participation rate remaining well below the level of earlier years and little sign of upward pressure on wages.

However, employment and wage data seem to indicate that economic slack still exists, particularly in labour markets.

Owning one's own business is either seen as the ultimate coup in the world of work, as it enables individuals to set their own hours and pursue projects of self ‑ interest, or as a last resort, particularly in a slack labour market.