首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
U.S. job growth was surprisingly strong in 2018, but don’t expect that to happen again this year, with economic headwinds intens
U.S. job growth was surprisingly strong in 2018, but don’t expect that to happen again this year, with economic headwinds intens
admin
2020-12-01
27
问题
U.S. job growth was surprisingly strong in 2018, but don’t expect that to happen again this year, with economic headwinds intensifying for the country and rest of the world.
The federal government’s final employment report for 2018 is forecast to show employers added 180,000 jobs in December to bring the annual increase to 2.45 million, the most since 2015 — but the monthly estimate is the lowest median projection since last January. Economists surveyed by Bloomberg expect that to slow in 2019 to an average monthly pace of 156,000, for a total of 1.87 million, followed by 1.44 million in 2020, when President Trump is up for reelection.
Other key labor measures aren’t expected to improve far beyond current levels by year end. Economists project the jobless rate held steady last month at 3.7%, the lowest since 1969, and will edge down to 3.5% at the end of 2019. Wage gains last month are expected to have eased to 3% year-over-year from a post-recession high of 3.1% and then modestly reaccelerate during the year.
The prospect of less-robust job growth is the latest in a slew of risks stacking up for the world’s largest economy. It comes alongside warning signs from housing and manufacturing, among other industries, and projected weakening in both U.S. and global growth this year.
A waning boost
from Trump’s tax cuts and government spending will add to policymakers’ challenges.
"The economy accelerated in 2018 and employment with it for a pretty simple and obvious reason: We had a pretty big fiscal stimulus," said Lewis Alexander, chief U.S. economist at Nomura Securities International. "The boost to growth from fiscal policy is not sustainable," he said, adding that he expects slowing of the economic expansion and employment growth.
Data released Thursday by the ADP Research Institute indicated that companies in December added the most workers to U.S. payrolls in almost two years. Private payrolls grew by 271,000, exceeding forecasts, after a downward-revised 157,000 advance in November. A Labor Department report Thursday showed filings for unemployment benefits rose to a four-week high of 231,000 in the week that ended Dec. 29, exceeding the median estimate of economists in Bloomberg’s survey.
Barclays sees payroll growth slowing from an average pace of about 200,000 a month last year to about 160,000 a month this year. "Our outlook for slower growth in activity in 2019 relative to last year on account of a smaller impulse from fiscal stimulus leads us to expect less employment growth this year," chief U.S. economist Michael Gapen said in a note. The jobs report for November showed a payroll increase of 155,000, a tally that missed all estimates in Bloomberg’s survey calling for a gain of 198,000. The same report revised the October reading down to 237,000, from 250,000.
Maintaining strength in hiring may depend on continued contributions in key sectors such as manufacturing, which even before the December figures had added more jobs than any year since 1997. A Labor Department report due out Friday is forecast to show factory jobs rose by 20,000, which would bring the full-year increase to 269,000. Mining and natural resources jobs are within reach of their best gain since 2011, and construction is holding up. For private services jobs, more than half the 1.68 million hires on the books for 2018 have been in education and health services, and professional and business services.
Federal Reserve policymakers have stayed sanguine on the labor market, with Chairman Jerome Powell noting that increasing tightness should help keep inflation around the central bank’s 2% objective. Fed officials at their final 2018 meeting kept their end-of-2019 jobless rate forecast at 3.5%.
But as downbeat reports stack up, pressure increases on the Fed to signal a pause on interest-rate increases. Policymakers have said they intend to slow the pace of hikes this year. As they raised rates in December, they penciled in just two hikes for 2019, the median projection of governors and district presidents shows. That’s still more than many investors anticipate, with rate futures pointing to no moves in 2019 and a potential rate cut next year.
What can we infer from the federal government’s employment report for 2018?
选项
A、The job growth was influenced strongly by economic headwinds.
B、The employees added 180,000 jobs in December.
C、Though the annual increase of jobs grew, the monthly projection kept low.
D、The annual increase of job positions had broken the record.
答案
C
解析
推断题。从第2段第1句可知,联邦政府2018年的最终就业报告显示了12月就业岗位的增长,使年度增长为2015年以来的最大增幅,但月度预测却是去年1月以来的最低中位数,故正确答案为C。
转载请注明原文地址:https://kaotiyun.com/show/5MMO777K
本试题收录于:
CATTI二级笔译综合能力题库翻译专业资格(CATTI)分类
0
CATTI二级笔译综合能力
翻译专业资格(CATTI)
相关试题推荐
TheCommissionisexpectedtoproposeallowingpeopletochoosewhichlegaljurisdictiontheywouldcomeunder,basedontheir【L
TheCommissionisexpectedtoproposeallowingpeopletochoosewhichlegaljurisdictiontheywouldcomeunder,basedontheir【L
A、unbelievableB、confusingC、surprisedD、baffledB观点态度的找寻和判断。根据原文WhyCambridgeshouldtopsuchanunhealthyleaguetablehasbaf
BlackFridayBlackFridayisthedayfollowingThanksgivingDayintheUnitedStates,oftenregardedasthebeginningofthe
Nike’sSuccessNikeperformedwellduringthelastquarter.Businesswasupineverymajormarket,in【L1】______,bothinits
GirlShootsInstructor,FuelingGunDebateOnAugust25,anAmericanfamily’svacationwentterriblywrong.Aman,hiswif
LightningCloud-to-groundlightningboltsareacommonphenomenon,about100strikeEarth’ssurfaceeverysinglesecond,yet
Whyhavepolarbearsightingsbecomeincreasinglycommon?
His______behaviormadeeveryonenervous.Hewasalwaysrushingtoopendoorsandperformothersmalltasks,apologizingunnece
Printmakingisthegenerictermforanumberofprocesses,ofwhichwoodcutandengravingaretwo______examples.
随机试题
关于影响氧化还原反应速率的因素,下列说法正确的是()。
下列因素与痛经无关的是
下列对法的分类,属于按法的内容分的是()。
我国西部地区某世界银行贷款项目采用同际公开招标,共有A、C、F、G、J等5家承包商参加投标。招标公告中规定:2005年6月1日起发售招标文件。招标文件中规定:2005年8月31日为投标截止日,投标有效期到2005年10月31日为止;允许
中国证券投资者保护基金公司根据证券公司分类结果,确定不同级别的证券公司缴纳证券投资者保护基金的具体比例。()
20×7年1月1日,甲公司从股票二级市场以每股30元(含已宣告但尚未发放的现金股利0.4元)的价格购入乙公司发行的股票100万股,占乙公司有表决权股份的5%,对乙公司无重大影响,作为可供出售金融资产。20×7年5月10日,甲公司收到乙公司发放的上年度现金股
文言虚词主要包括副词、介词、连词、助词、叹词和部分代词,以及一些兼词。()
2019年2月25日电,截至目前,31个省、自治区、直辖市均已发文明确,小微企业“六税两费”按()幅度顶格减征。
下列四种路由器中,只是因为其成本低而短期使用的是( )。
Oneofthemostdifficultaspectsofdecidingwhethercurrentclimaticeventsrevealevidenceoftheimpactofhumanactivities
最新回复
(
0
)