The causes of this shift include the foreclosure crisis,
a slow labor market recovery from the Great Recession, tighter mortgage credit, limited supply of entry - level homes and long - term social changes such as delayed marriage and childbearing.
Not exact matches
One, the quits rate fell during the 2007 - 09 recession and has been
slower to recover than other
labor market indicators because workers lacked confidence to leave their jobs for greener pastures.
The consensus estimate is 182,000 new jobs, reflecting the fact that economists expect job growth to
slow somewhat as the unemployment rate and
labor market slack continues to shrink.
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.
Instead, the FOMC focused on the improving
labor market while brushing off concerns about
slowing inflation.
Even so, «the fact of the matter is that in today's job
market there are only two tracks — the fast track and the
slow track,» says Robert Reich, former
Labor Secretary and the author of a new book called Super-capitalism.
Coupled with other bumps on the road (think the eurozone crisis and
slow global growth) the overall effect, he added, «has been economic growth around 2 percent, and only a very gradual improvement in
labor markets.»
Kelly said that with a tight
labor market, improving inflation, and
slow but improving economic growth, the Trump plan had the danger of kicking the economy to an unsustainable level.
Even with the surprisingly large addition of 287,000 payroll jobs in June, the pace of improvement in the U.S.
labor market appears to have
slowed somewhat.
Low workforce participation and
slow wage growth are structural issues that the strengthening U.S.
labor market must overcome...
Market observers have long blamed France's
labor code and other policies for the country's
slow growth and high unemployment.
Japan's inflation has been
slow to respond to the country's sustained economic recovery and the increasing tightness of
labor market conditions.
And for all the muddle, the one thing that seems clear is that the risks to the economy and particularly the
labor market — which is generating solid job growth and even some wage gains (for which we should all give Chair Yellen and the Fed serious credit)-- remain «asymmetric:» there's a greater risk of needlessly
slowing non-inflationary growth than there is of inflation accelerating.
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.»
Until we see more pro-growth stimulus and structural reforms (especially in the
labor market), we think QE will serve more as an economic stabilizer than a solution for Europe's chronically
slow growth.
So will 2013 be another year of painfully
slow and steady improvement in the employment situation, or will we finally start seeing life in the
labor market that will put a serious dent in our unemployment crisis?
Employment growth will likely
slow, but tighter
labor markets and rising minimum wages should spur rising income levels.
In the latest policy statement, Federal Reserve officials highlighted further improvements in
labor market conditions amid
slower growth.
One of the greatest economic mysteries out there, according to many
market watchers: Why
labor market productivity has
slowed sharply around the world in recent years.
The central bank also downplayed recent global financial
market turmoil and said the U.S.
labor market was still healing despite a
slower pace of job growth.
The report also found that while the state
labor market will remain healthy, growth will
slow going forward, with a consensus of 1.4 percent of growth going forward.
but the tightening of financial conditions observed in recent months, if sustained, could
slow the pace of improvement in the economy and
labor market.
They have since dropped to around 8.5 % because the
labor market has tightened, wages have begun to rise while productivity growth has remained
slow.
«The
markets get more volatile and M&A gets a lot
slower, certainly coming out of
Labor Day and the conventions,» noted Alan Klein, the New York - based co-head of Simpson Thacher & Bartlett's M&A practice.
But then came perhaps its smartest move of all: instead of spending months deciding which
markets to target, building local sales teams and internationalizing its product accordingly, Facebook designed a tool that let users translate the service into their own language — effectively crowdsourcing what is usually a
slow,
labor - intensive job.
Although information technology jobs growth
slowed somewhat during the 2007 - 2009 recession, IT employment has been a bright spot in the 2010s
labor market.
The U.S. Bureau of
Labor Statistics predicts the job
market for buyers and purchasing agents will grow
slower than average, by only 7,200 positions by 2024.
While businesses continue to need systems engineers to design and install computer equipment, the Bureau of
Labor Statistics predicts the job
market in this field will grow at a
slower rate than average.
Currently, the job
market is
slow for file clerks, with the Bureau of
Labor Statistics reporting just 2 - percent growth over the next 10 years.
A tight
labor market, the Asian crisis and overbuilding are factors that could
slow construction over the next year.
«With job growth holding steady, prospective buyers can handle any gradual rise in mortgage rates — especially if today's stronger
labor market finally leads to a boost in wages and homebuilding accelerates to alleviate supply shortages and
slow price growth in some
markets.»
The Federal Open
Market Committee (FOMC), which met this week, announced no change to the key rate on Wednesday, stating that «the labor market has continued to strengthen even as growth in economic activity slowed» since its meeting in March, when it last voted to raise the
Market Committee (FOMC), which met this week, announced no change to the key rate on Wednesday, stating that «the
labor market has continued to strengthen even as growth in economic activity slowed» since its meeting in March, when it last voted to raise the
market has continued to strengthen even as growth in economic activity
slowed» since its meeting in March, when it last voted to raise the rate.
Reports of
slowing in the job
market reverberated this week as monthly job openings fell sharply in August, down 7.3 percent to 5.443 million, according to the
Labor Department's Job Openings and
Labor Turnover Survey.
«The past year has seen a definitive shift to a «seller's
market» in talent as the effects of an aging,
slow - growing
labor force begin to take hold,» says Rebecca Ray, executive vice president, knowledge organization and human capital, at The Conference Board and a co-author of the report.
While the minutes from the Fed meeting showed that policymakers agreed the
labor market had improved in the first quarter of 2016, improvement of gross domestic product (GDP) had
slowed.