But in the labor market, IBM have got it right.
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Yun remains optimistic that a recovery could develop quickly as the economy adds jobs, but ongoing weakness in the labor market makes that seem a ways off and other concerns remain.
There may be bumps like the recent contraction in the labor market, but we need to look beyond the short term.
"The momentum in the labor market is slowing, but it's not falling off a cliff, " said Neil Dutta, an economist with Bank of America Merrill Lynch.
Not only has the U.S. benefited from a fluid labor market in recent decades, but now we see in European GDPs the apparent payoff from an opening to industrious newcomers, especially from the former Soviet bloc (see our recent report from the U.K.).
But once the services had to compete for labor in a free market, they expanded the benefits that Kristof now hails.
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Despite a slow start, there is now a clear track record of policy action in Spain which encompasses not only fiscal consolidation but also labor market and pension reforms as well as recapitalization of the weak parts of the banking sector.
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But investors absorbed positive economic reports, as the first reading on the labor market in a heavy week for jobs data came in better than forecast.
"The labor market is improving, but employment is still not growing as quickly as in previous recoveries, " said Scot Melland, CEO of Dice Holdings, which released a survey Wednesday on private-sector hiring.
Our view is that housing is in a recovery phase, but one that will be restrained by the availability of credit, the pace of improvement in labor market conditions, and the overhang from distressed and foreclosed properties.
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Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated.
But as both Tabarrok and Worstall emphasize the largest changes happening in Chinese labor markets are the result of market forces.
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May traditionally sees a jump in the labor force because of all the new graduates entering the job market, but this was not this case last month as 286, 000 workers left the labor market tally.
He believes quite strongly that a dollar of infrastructure is a smart investment, not just because it creates jobs but because it creates the kinds of jobs which address this deep problem that we have in the labor market.
Taking the above into account, one cannot help but find himself in quite a precarious and confusing position of trying to figure out the status of the US labor market.
He suggests countries like Spain and Ireland should try and ape the so-called active labor market intervention used by Norway, in which the state funds not only unemployment benefits but also training and job searches.
The U.S. economy still needs to see an increase in consumer spending (which accounts for over 70% of GDP in the U.S. but is clearly impacted by the status of the U.S. labor market) to help build a sustainable economic recovery.
An up-and-down session finished right in the middle of its trading range Thursday as investors digested an encouraging signal on the labor market but braced for the possibility of a contradictory report Friday.
But creating such a neighborhood in Las Vegas allows them to get the built environment they want while retaining the cost and labor market advantages of Nevada.
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