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
53
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.
Which of the following sectors CANNOT contribute much to strength in hiring?
选项
A、Agriculture.
B、Manufacturing.
C、Education.
D、Health service.
答案
A
解析
细节题。从第8段的内容可知,保持就业的强劲势头取决于一些关键行业的持续贡献,未提及农业,故正确答案为A。
转载请注明原文地址:https://kaotiyun.com/show/VMMO777K
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
Earthquakesoftenhappennearvolcanoes,butthisisnotalwaystrue.Thecentersofsomeare【L1】______.Thebottomoftheseas
BusinessasUsualVocabularyandExpressionsTuvalupiqueevacuationmarineecosystemKiribatilatchont
BlackFridayBlackFridayisthedayfollowingThanksgivingDayintheUnitedStates,oftenregardedasthebeginningofthe
RitualChildKillingsSpreadAlarm,AngerinIvoryCoastAtleast21childrenhavebeenkidnappedinIvoryCoastsinceDecemb
MoscowCondemnsArrestofAllegedRussianSpyinNYCVocabularyandExpressionscondemnstrainindictresortto
Thereportbelievesthatsomecompaniestendtofalsifyabloodtestresult.
Menaremorelikelythanwomentofakeexpertisetheydon’thave—andrichmenaretheworstculpritswhenit【C1】________tospeak
Whenyougoonasoloadventure,youlearntoexpectthe【C1】_______.However,travelers【C2】______anticipatetheunexpectedcould
Thereissomethingintrinsicallyfascinatingabouttheideaofevolution.Whatprinciplesgoverntheevolutionofaspecies?And
OtherEuropeansseizeforsuchexamplestojumptotheoppositeconclusion.
随机试题
强制搬迁和强制拆除属于代履行,适用代履行程序。()
氧解离曲线呈S型的原因与下列哪项有关
除D外,甲硝唑治疗有效的细菌是:除D外,产褥感染患者,阴道分泌物有恶臭,作阴道分泌物培养,通常不容易获得但需要考虑的细菌是:
A.男性乳腺发育B.食管静脉曲张C.氨中毒D.凝血因子减少E.黄疸肝硬化时,门静脉高压可引起
罗红霉素在化学结构上与下列哪个药物相似()。
甲某蓄意盗窃,但打开银行保险柜,发现空五分文后离开。甲的行为是( )。
按支架的结构形式可分为()。
下列关于增值税纳税人的说法中,表述正确的是()。
学术和科学期刊价格的飞涨迫使只供学术研究人员使用的图书馆大量削减它们的订量。有些人认为,每一种专业学科期刊的订阅应当只取决于该期刊在本学科的应用价值,而衡量其应用价值的标准则是该期刊的论文被本学科的研究人员在其发表的文章中所引用的次数。以下哪项如果为真,对
中国革命的性质不是无产阶级社会主义革命,而是资产阶级民主革命。但是,中国革命已不是旧式的、一般的资产阶级民主主义革命,而是新的民主主义革命。其主要原因在于
最新回复
(
0
)