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
71
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.
The lowest jobless rate since 1969 is______.
选项
A、3%
B、3.1%
C、0.035
D、0.037
答案
D
解析
细节题。第3段第2句,上个月失业率稳定在3.7%,为1969年以来的最低水平,故正确答案为D。
转载请注明原文地址:https://kaotiyun.com/show/fMMO777K
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
A、Growthinheightofabodyisanexampleofmaturation.B、Maturationisthedevelopmentoforganizationasafunctionoftime
UniversalHealthCoverageVocabularyandExpressionsuniversalhealthcoveragepeople-centredcareintegratedservicedel
ProblemDescriptionoftheFloodEarlyWarningSystemVocabularyandExpressionsphysically-basedalgorithmdeploy
NewspaperDeclineNotDuetotheRiseoftheInternetSomepeopleassumethatnewsprintnewspapersaredyingatthehandsof
LightningCloud-to-groundlightningboltsareacommonphenomenon,about100strikeEarth’ssurfaceeverysinglesecond,yet
Sadly,whiletheacademicindustrythrives,thepracticeoftranslationcontinuesto______.
Hedidn’ttoreturnearlierthan3o’clock.
AlmosteverydaythemediadiscoversanAfricanAmericancommunityfightingsomeformofenvironmentalthreatfromlandfills,ga
Recruiterssaythatcandidateswhocangiveexamplesofworktheyhavedoneasmembersofasuccessfulteamareinasstrongap
随机试题
All______ispeaceandprogress.
下列胰岛素抵抗综合征的表现中,错误拘是
长江公司属于核电站发电企业,2014年1月1日正式建造完成并交付使用一座核电站核设施,全部成本为300000万元,预计使用寿命为40年。根据国家法律和行政法规、国际公约等规定,企业应承担环境保护和生态恢复等义务。2014年1月1日预计40年后该核电站核设施
甲公司于2016年5月13日与客户签订了一项工程劳务合同,合同期9个月,合同总收入500万元,预计合同总成本350万元;至2016年12月31日,实际发生成本160万元。甲公司按实际发生的成本占预计总成本的百分比确定劳务完工程度。在年末确认劳务收入时,甲公
经典性条件作用的规律包括()
在当代中国,毛泽东思想和邓小平理论是一脉相承的科学体系,这是因为它们在()上高度统一。
2019年5月,全国12358价格监管平台受理价格举报、投诉、咨询共计37576件,同比下降40.70%,环比下降9.31%。其中,价格举报4192件,环比下降19.06%;价格投诉2059件,环比下降15.92%;价格咨询31325件,环比下降7.34%
Everyprofessionortrade,everyart,andeverysciencehasitstechnicalvocabulary,thefunctionofwhichispartlytorefert
Britishwebusersarespending65%moretimeonlinethanthreeyearsago,accordingtoasurveyofnet【C1】______.Theaverag
民宿(minshuku)指的是为游客提供食宿的家庭经营的旅馆或私人住宅。20世纪60年代初期,在英国西南部与中部,许多农家为了增加收入开始经营民宿。随着民宿业在日本的快速发展,中国南方地区也出现了许多民宿。居住在民宿的旅客可以享受基本的住宿餐饮服务。
最新回复
(
0
)