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
2022-08-22
34
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.
(选自《洛杉矶时报》2019年1月4日)
The figure from a Labor Department report is cited in Paragraph 6 to________.
选项
A、show that the unemployment number is slightly lower than private payrolls
B、indicate that despite of the increase of U.S. payrolls, the unemployment rose
C、prove that people getting benefits from unemployment are more than those working for private companies
D、explain how many files they needed to deal with for unemployment benefits application
答案
B
解析
推断题。定位关键词在第6段第3句,结合上下文可知,劳工部的报告数据是为了指出,虽然就业人数增加了,但是申请失业救济金的人数也创下新高,故正确答案为B。
转载请注明原文地址:https://kaotiyun.com/show/Rb0O777K
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
【L1】______and【L2】______affecthowpeoplevaluepersonalcontrolindecisionmaking,accordingtoanewstudyinBiologicalPsy
Thereportbelievesthatsomecompaniestendtofalsifyabloodtestresult.
Thereportbelievesthatsomecompaniestendtofalsifyabloodtestresult.
WelcometotheChineseConsulate-GeneralinMelbourneforthe"ChineseCultureDay"2018.SpeakingoftheChineseculture,man
Theworldhasexperienced【L1】______urbangrowthintherecentdecades.Asmuchas3%ofEarth’s【L2】______hasbeenurbanized,a
Mostoftheworld’svictimsofAIDSlive—and,atanalarmingrate,die—inAfrica.ThenumberofpeoplelivingwithAIDSinA
OutsidepeoplewerecheeringandawaitingthearrivalofthenewyearwhileinsideHarrywaslyingseverelyillinbedfeelingt
Although"namingrights"haveproliferatedinAmericanhighereducationforthepastseveraldecades,thephenomenonhasrecentl
Iwouldn’ttrustsucha________person.
Listeningisoneofthefirstthingswelearntodoandoneofthethingswedomost.Theaveragepersonspends【C1】______ofthei
随机试题
观察前列腺的最佳MRI扫描断面是
氧气雾化吸入时氧的流量是
苯妥英钠抗癫痫作用的主要机制是
2001年9月,德国甲公司与宁波乙公司订立合营企业合同,约定甲公司以资金、机器设备和专有技术合计人民币600万元出资,乙公司以场地使用权、厂房合计200万元出资,在上海设立一家合营企业。2004年9月,乙公司以设立合营企业当年场地使用权作价过低为由,提出修
以下不属于中央银行的金融服务特征的是()。
下列情况下,适用于差异化战略的有()。
科学管理的中心问题是()。
“发奋图强”体现的情绪功能是
下列叙述中,不属于软件需求规格说明书的作用的是______。
Somestudentsarenotadequatelypreparedforcollege.Shouldweturnthemaway?Deceivethem?Ormodifyourproduct?Americans
最新回复
(
0
)