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
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a
admin
2017-03-15
62
问题
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed on Thursday.
The Conference Board said its index of leading economic indicators rose a higher-than-expected 0.3 percent in May, boosted by rising stock prices, higher consumer expectations and the availability of jobs. Economists said that jobs should continue to be plentiful, despite an unexpected surge in jobless claims last week.
The Labor Department reported Thursday that unemployment claims totaled 324,000 last week, up 10,000 from the previous week, to the highest level since mid-April. While the big increase was unexpected, analysts said it did not change their view that the labor market remains hardy. Even with the increase, analysts noted claims remain close to their average—319,000—over the first 5.5 months of the year.
While the overall US economy grew at a lackluster 0.6 percent in the first three months of this year, many analysts believe the pace has picked up significantly in the spring.
The Conference Board’s upbeat report shows that the impact of the housing slump has been fairly contained so far, said Patrick Newport, an economist with Global Insight. "It just hasn’t spilled over to the rest of the economy," he said. It also indicates the economy is doing better than last month’s leading indicators report suggested, Newport said.
May’s increase reversed a revised 0.3 percent drop in April, down from the original 0.5 percent decline that economists blamed on soaring gas prices and a drop in building permits. The report, designed to forecast economic activity over the next three to six months, tracks 10 economic indicators.
The advancing contributors in May, starting with the largest, were weekly unemployment insurance claims, stock prices, building permits, consumer expectations and vendor performance. The negative contributors, beginning with the largest, were real money supply, average weekly manufacturing hours and interest rate spread. With the latest report, the cumulative change in the index over the past six months has gone up 0.3 percent.
Wall Street is fairly confident that falling home prices and rising mortgage defaults won’t damage the broader economy. Treasury Secretary Henry Paulson said Wednesday the housing slump is nearing an end and that the losses so far have been contained. But if mortgage rates keep rising, fewer people will want to buy homes and fewer homeowners will be able to refinance. If that happens, the residential real estate market’s troubles could snowball and dampen consumer spending.
The Federal Reserve’s Open Market Committee, which sets short-term interest rates, meets next week and is widely expected to leave rates unchanged as they have been for about a year. A pickup in the economy has raised worries about rising inflation, however.
Stocks slipped on Thursday, after the Philadelphia Federal Reserve’s report on manufacturing activity in its region jumped a stronger-than-expected 18 in June, up from 4.2 in May. In midday trading, the Dow Jones industrial average fell moderately, declining 36.66, or 0.27 percent, to 13,452.76 after dropping 146 points Wednesday on a surge in bond yields. Broader stock indicators moved sideways. The Standard & Poor’s 500 index fell 1.71, or 0.11 percent, to 1,511.13 and the Nasdaq composite index advanced 1.48, or 0.06 percent, to 2,601.44.
On Tuesday, the Commerce Department said construction of new homes fell in May as the nation’s homebuilders were battered by the crisis in sub-prime lending and rising mortgage rates. Industry sentiment about the housing market fell in June to the lowest point in more than 16 years.
Secondary effects from the housing downturn like layoffs and restrained consumer spending could also start surfacing, said Aaron Smith, an economist with Moody’s Economy.com. But the overall drag on the economy from the housing industry should decline in coming months, he said. "Building permits cannot continue declining at the pace they have," Smith said.
What is Patrick Newport’s view over the falling housing prices in recent months?
选项
答案
The impact of the housing slump has been controlled. It has not exerted negative effects on other sections of national economy. Economy is doing better than last month’s leading indicators report suggested.
解析
转载请注明原文地址:https://kaotiyun.com/show/TwSO777K
本试题收录于:
NAETI高级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI高级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Inhisbook,theauthorpresentssomestrategiesonMarketingfortheenterprisesto________thefinancialrisksandstrivefort
Thedesignofdrainagesystemisimportantin________planningbecausethewaterlogdisasterisgettingworsetheseyears.
EveryyearBerryBros&Rudd,Britain’soldestwinemerchant,issuesapocket-sizedpricelist.Readingoldcopiesmakesamateur
旅游是一项集观光、娱乐、健身为一体的愉快而美好的活动。旅游业随着时代进步而不断进步。从20世纪中期起,现代旅游业在全世界迅速发展。游客人数不断增长,旅游业规模持续扩大,旅游经济地位显著提升,旅游活动愈益成为各国人民交流文化、增进友谊、扩大交往的重
我们需要的是一种“宽容的文化”,一种与人们认同开放的外向型精神需求相适应的方法。宽容不是指对那些我们认为是“其他人”的人漠不关心,也不是对他们的文化、宗教、背景与起源漠然置之。宽容需要我们了解并理解这些“其他人”。当熟悉的体制不复存在,国界变得无
A、China.B、Japan.C、U.S.A.D、U.K.C文中将中国大陆、日本和美国的诵读困难问题作了数字统计比较,发现中国大陆和日本出现该问题的人不足5%,而美国则是10-20%,经过简单判断,可知选项c的内容是正确的。
TheannualconsumptionofCoco-Colapercapitaintheregionalmarketsmentionedinthepassageranksinthefollowingorder.
TheannualconsumptionofCoco-Colapercapitaintheregionalmarketsmentionedinthepassageranksinthefollowingorder.
TheannualconsumptionofCoco-Colapercapitaintheregionalmarketsmentionedinthepassageranksinthefollowingorder.
随机试题
关于民事权利,下列哪一选项是正确的?(08年司考.四川.卷三.单1)
如图15—4—32所示的结构,EI=常数,用力矩分配法计算时,分配系数μA1为()。
海天有限责任公司是一家中外合资企业,2010年度发生了以下事项。(1)1月21日,公司接到市财政局通知,市财政局将要来公司检查会计工作。公司董事长兼总经理胡某认为,公司作为中外合资企业,不应受《会计法》的约束,财政部门无权来检查。(2)3月
我国历史上()时期以右为尊,把左认为“僻左不正”。
分配学生座位时,教师最关心的是()
国务院教育行政部门主管全国的教师工作。()
中共中央总书记、国家主席、中央军委主席习近平在2018年9月10日召开的全国教育大会上强调,我国是中国共产党领导的社会主义国家,决定了我国教育必须把培养社会主义建设者和接班人作为根本任务。这表明,国家确立教育目的的首要依据是()。
Ordinaryplantsareunabletosurviveinthedesertmainlybecauseofthechangeableweather.Thethemeofthesecondlastpara
Completethenotesbelow.WriteNOMORETHANTHREEWORDSforeachanswer.FieldTriptoKenyaAreao
A、Becauseshewantstowithdrawsomemoney.B、Becausethebankisonlyfiveminuteswalk.C、Becausethebankisnearthelocals
最新回复
(
0
)