Last quote about Unemployment

Robert J. Samuelson
The Phillips Curve, a tool that shows the relationship between inflation and unemployment, has shifted.feedback
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NEW Jun 28 2017
Unemployment has been commented on by 407 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about Unemployment are: Guy Ryder, Frank-Jürgen Weise, Francois Hollande and Eric Rosengren. For instance, the most recent quote from Guy Ryder is: “Well, you have described the drama of the European unemployment crisis and I really believe it is dramatic. What I said in my inaugural speech was that the ILO, if it is to be a success, has to touch the lives of these people.”.
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All quotes about Unemployment

Ian Shepherdson - Pantheon Macroeconomics

One side has to blink, and given the Fed's 50-year obsession with the unemployment rate, it's unlikely to be Dr. Yellen.feedback

Ian Shepherdson - Pantheon Macroeconomics

The unemployment rate has dropped by half a point in the past four months, but the Fed now expects, comically, no further decline across the rest of the year. This makes no sense at all and likely will have to be revised in September.feedback

Gwen Moore

President Trump's reported nominees at the Federal Reserve hold opinions radically outside the mainstream of the American public and the economic consensus. Emerging economic research indicates we can tolerate higher inflation if the trade off means higher wages and lower unemployment.feedback

David Gauke - Treasury

This is yet another strong set of record-breaking figures, with employment up and unemployment down, fuelled by full-time opportunities. This is good news for families as we continue to build a stronger, fairer Britain.feedback

Stephen Clarke - Resolution Foundation

The terrible news on pay comes despite another strong jobs performance, with unemployment remaining at its lowest level in over 40 years. The sharp contrast between our terrible record on pay and strong jobs performance shows that the currency-driven inflation we are experiencing is not feeding through into wage pressures and is simply making us all poorer instead.feedback

Chris Rupkey - MUFG Union Bank

It's still premature to say they need to alter their policy. The basic textbook theory is that unemployment is lower than where it should be normally, and in these circumstances, inflation can gain a foothold if they don't normalize rates. It's really theory trumping the actual economic data. I know they say they're data dependent. I don't think they're data dependent on inflation.feedback

Carl Tannenbaum - Northern Trust

If you would have told me that U.S. unemployment rate would be down to 4.3 percent and still have core inflation struggling to get above 1.5 percent, I would have been very, very surprised.feedback

Donald J. Trump

I believe the James Comey leaks will be far more prevalent than anyone ever thought possible. Totally illegal? Very 'cowardly!'. The #FakeNews MSM doesn't report the great economic news since Election Day. #DOW up 16%. #NASDAQ up 19.5%. Drilling & energy sector …way up. Regulations way down. 600,000+ new jobs added. Unemployment down to 4.3%. Business and economic enthusiasm way up- record levels!feedback

Imer Mushkolaj

These economic promises will not materialise without foreign investment or building new economic capacities that will lower unemployment. Unemployment and poverty are the main problems in Kosovo's society.feedback

Joseph Stiglitz

The only time when the unemployment rate for these groups goes down and wages go up is when we have a very tight economy, much tighter than the Fed has in mind when it's focusing on a 2 percent inflation target. As far as workers go, the answer is unambiguous: They are the winners in this.feedback

Joel Kan

Mortgage application volume increased strongly coming out of the Memorial Day holiday. With mortgage rates at their lowest level since November 2016, and the unemployment rate at its lowest level since May 2001, purchase application volume increased to its highest level since May 2010. Refinance activity bumped up as well in response to moderating rates, but remained generally subdued.feedback

Martin Ellis - Nationwide Building Society

The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high unemployment rate, is likely to support house price levels over the coming months.feedback

Bruce Stokes

Even in advanced economies where people think they are doing well, like Germany, the Netherlands and Sweden, they are worried about their kids' financial prospects. Clearly, even though unemployment is falling and growth is returning after the financial crisis, this pessimism raises questions about whether this is a temporary phenomenon.feedback

John Hickenlooper

We worked very hard to reduce red tape, to try to attract young entrepreneurs. We have over 2,000 companies that do either renewable energy or clean tech. In the short term, more than 60, 000 employees. We have always been the world leader in, not just business, but all kinds of issues. We don't see more people doing more marijuana in Colorado after legalization. It's through a regulated process now. But we haven't seen a big spike in teenage consumption, we haven't seen a big spike in any consumption.feedback

John Hickenlooper

We have a $28 billion state budget overall, and $200 million is just a drop in the bucket there.feedback

Michael Feroli

While the message was a little muddied today, the evidence generally suggests the labor market is cyclically tightening, and the Fed will need to continue to lean against that. We still believe it is very likely that the Fed will hike [rates] later this month. Perhaps more in question is the signal coming out of that meeting regarding subsequent hikes.feedback

Daniel Mahoney

The Conservative Party's pronouncements on restricting foreign takeovers and boosting employment rights for workers are of some concern. The UK's flexible labour market is the fundamental reason why we are experiencing low unemployment compared to many other EU countries.feedback

James Smith

Today's US jobs report would have had to be horrendous to worry the Fed, and the sub-consensus wage and jobs numbers won't derail a June rate hike. May had three more workdays than April, and as the data doesn't adjust for this, average hourly earnings will have been temporarily depressed.feedback

Kellyanne Conway

Guessing this headline on @CNN is more relevant than 'Russia' to real people: 'U.S. Unemployment hits lowest level since 2001.feedback

Mark Hamrick

While the Federal Reserve might not be dissuaded from raising interest rates at this month's meeting, the jobs numbers might make the debate at least more vigorous. The lack of more substantial inflation also argues against a future trajectory of aggressive rate hikes.feedback

Thomas Julien - Natixis North America

While today's pace of job gains disappointed, the unemployment rate kept drifting downward, well below its long-term level. A hike in June is still on the table but the news flow will have to improve for the Fed to keep tightening in the second part of the year.feedback

Robert Gardner - Nationwide

While real incomes are again coming under pressure as inflation has overtaken wage growth, the number of people in work has continued to rise at a healthy pace. Indeed, the unemployment rate fell to a 42-year low in the three months to March. If history is any guide, the slowdown is unlikely to be linked to election-related uncertainty. Housing market trends have not traditionally been impacted around the time of general elections. Rightly or wrongly, for most home buyers, elections are not foremost in their minds while buying or selling their home.feedback

Mark Zandi - Moody's Analytics

I think 4 percent unemployment is dead-ahead, and we'll probably go past that.feedback

Julie Rabinowitz

This is the lowest unemployment rate the state has had probably ever. We need every Mainer. We don't care where they are.feedback

Hansen Lu - Capital Economics

In addition, and perhaps more importantly, high house prices are both discouraging some potential buyers and pricing others out of the market entirely. That helps to explain why buyer enquiries struggled to recover after falling sharply in response to the Brexit vote and stamp-duty surcharge last year. There is room for optimism. The unemployment rate remains very low, and mortgage rates look very attractive compared to past norms. As a result, we expect mortgage approvals to stabilise in the months ahead and end 2017 up slightly compared to the start of the year.feedback

Mark Sanford

It assumes that the stars perfectly align with regard to economic drivers. Can you guess the last time we had an unemployment rate of 4.8 percent, growth of 3 percent and inflation held at 2 percent? It's never happened.feedback

Carl Hanser

We're very concerned to be seeing an increase in homelessness among education professionals, including teachers. We would urge anyone in the sector who might be experiencing financial problems caused by their personal circumstances, unemployment, ill health, bereavement or injury, to get in touch via our website or call our free, confidential helpline on 08000 562 561.feedback

Carsten Brzeski - ING-DiBa

I think that a euro zone finance minister, some reshuffling of European funds to get closer to a euro zone unemployment insurance and further policy harmonization are the most feasible next steps. The real huge steps towards financial burden sharing, tax harmonization and loss of national sovereignty are still highly unlikely to happen, even though they should.feedback

Paul Hollingsworth - Capital Economics

We continue to think that this tightening will deliver a modest rise in nominal wage growth over the course of this year. It might not be enough to keep up with inflation, which we expect to peak at just over 3pc in the fourth quarter. However, as inflation begins to fall back next year as the upward pressures from the drop in the pound start to fade, we think real wages will begin to rise again. As a result, the forthcoming squeeze on real wage growth should be nowhere near as severe or prolonged as that seen after the financial crisis.feedback

Mike Cagney - SoFi

It's the same community concept. For example, one of our members loses their job, we'll put them in unemployment forbearance. We'll actually help them get re-employed. We've done that over 200 times for our members. And it's very different than how a traditional financial services firm would approach banking. The ability to deliver that contextually to people when it matters, as opposed to just spamming them with it all the time, is a big difference-maker.feedback

Mike Signer

Whew! Lot of trolls out tonight. Must be doing something right. Apparently this troll doesn't know about our unemployment rate (2.9%-lowest in Va) and AAA-bond rating. Oh well! Another profile in courage here – anonymous trolls lecturing elected officials about cowardice. Yawn. It's always a difficult balancing act for public officials about how much oxygen to give the alt-right, which depends on publicity to survive. I think for me, it's the right choice to say: 'Enough is enough.feedback

Ben Southwood

Theresa May's decision to copy Ed Miliband's continental-style labour laws risks continental style unemployment and stagnation.feedback

Martin Beck

The prospect of a rise in unemployment and pay growth remaining weak means that the case for the MPC to keep monetary policy on hold for a prolonged period is a strong one. Meanwhile, our expectation that a revival in pay growth is unlikely will be bad news for the public finances and present another challenge for whoever takes the reins of economic policy after the election.feedback

Liam McMahon

Unemployment is very high here. You have third-generation unemployment. That creates a sense of hopelessness. There is real poverty here. There's too many men here out of work. People may not have money, but the community here is fantastic. People are so kind and there is so much warmth. You will have no problem getting people to talk to you about what they think the issues are.feedback

Partha Iyengar

If you look at the unemployment rate in the US for IT, or broadly technology, it's already beyond full employment. And at that level, even (for) the local US companies, the biggest challenge they face is access to skills.feedback

Anton Boerner

Unemployment is low, publics finances are sound, tax revenues are soaring - and countries like France, Italy and Spain also benefit from our success thanks to rising imports of intermediate goods.feedback

Paul Kennedy - Fugro

We're facing headwinds now that we didn't have even a year ago. There's a train wreck coming for some folks. They're not getting tail winds that they used to have – the high unemployment, the money that was associated with enlistment bonuses.feedback

Chris Rupkey - MUFG Union Bank

It's good current inflation came back from last month. That's one factor that makes it more likely we're going to get a June rate hike…With the unemployment rate down below full employment levels, inflation has nowhere to go but up.feedback

Pierre Moscovici - European Union

Having a fiscal capacity, a budget for Europe in order to invest more and to protect from unemployment, having a finance minister for the eurozone. These proposals are made in order to strengthen the eurozone, to reduce divergencies and to have a stronger capacity to create jobs and growth. I know that there will be a strong fight, that there are a lot of stakeholders to be persuaded. It is good news too that the high uncertainty that has characterised the past 12 months may be starting to ease.feedback

Michael Sapin

The majority takes action and I don't' think there's any contradiction between what a right-wing party working with a left-wing president. The elections will be held and it's possible that the right will have a majority. But in any case, we've already experienced cohabitation twice. It didn't stop things working. France has a solid base, and the president can take advantage of that. There isn't enough growth yet or enough job creation to bring down unemployment, but the economy is on a sound footing now. Companies have room for manoeuvre and private investment is more dynamic.feedback

Jonathan Cribb

Carefully set minimum wages can be a useful policy tool for governments seeking to help those on low wages. But at some point, higher minimum wages will reduce the employment of lower skilled workers. Since we do not know where that point is, sudden large increases are risky. They endanger the jobs of those they seek to help. Labour's proposal to rapidly extend a £10 per hour minimum wage to 18-24 year olds, regardless of the state of the economy in 2020, is a particular gamble. Given how harmful periods of unemployment can be for young people, the long term costs could be considerable.feedback

Eric Rosengren - Federal Reserve Bank of Boston

A potential concern would be that with high and rising prices for multifamily commercial real estate, policy makers looking to reform the GSEs might look at the GSEs' large and growing footprint in the market and ask whether this level of government-sponsored exposure is safe, and whether that level of government support is appropriate.feedback

Eric Rosengren - Federal Reserve Bank of Boston

Whether, or how, future reform proposals will impact commercial real estate is unclear–but a potential and significant shock to this sector of the commercial real-estate market could occur if proposals require the GSEs to reduce their holdings of multifamily loans.feedback

Kevin Green

Demand for staff is growing within all sectors and all regions of the UK, but there are fewer and fewer people available to fill the vacancies. We have the lowest unemployment rate since 2005, and people already in work are becoming more hesitant about moving jobs amid Brexit uncertainty. Meanwhile, the weakening pound and lack of clarity about future immigration rules is putting off some EU nationals from taking up roles in the UK.feedback

Kevin Green

We have the lowest unemployment rate since 2005, and people already in work are becoming more hesitant about moving jobs amid Brexit uncertainty. Meanwhile, the weakening pound and lack of clarity about future immigration rules is putting off some EU nationals from taking up roles in the UK. As a result, candidate availability is at a 16-month low and recruiters are flagging a shortage of suitable applicants for more than 60 different roles from cleaner to accountant.feedback

Michael Hewson - CMC Markets

Knowing all of this the new French President may well find that winning was the easy bit. It's all well and good running on a ticket of cutting 120,000 public sector jobs, a 60bn euros cut in public spending and a lowering of the unemployment rate to 7%, it will be another getting it through the French parliament.feedback

Jared Bernstein

Both wage and price growth have become less responsive to low unemployment. Policy needs to catch up with that fact.feedback

Florence Galichet

This is the last throw of the dice, the last time someone from the middle ground will have a chance to fix problems like high unemployment. I hope he'll manage it.feedback

Edward Yardeni

It's not like we desperately need tax cuts to make the U.S. economy work. It's working awfully well, with low unemployment, and earnings are at all-time record highs. What's wrong with that?feedback

Matt Rubel

If consumers haven't had income growth over a long period of time and then you go and move to a border adjustment tax as it's articulated by Congress, it will only move things out of the range of where people can buy them. Adding that to the current environment would actually lead to more unemployment and would lead to a tremendous disruption.feedback

Simon Wolfson

We are in a period of record immigration and we have the lowest levels of unemployment on record since the war. If we are too draconian on immigration, it will have two adverse effects on our economy. The first is it will undermine all of our quality of life and undermine growth, and the second is it will send the worst of all possible signals to the rest of the world. The most important thing to come out of Brexit is sending a very clear message to the rest of the world – that Britain is an open country, a free trading country, one that embraces the rest of the world and does not reject it.feedback

John Williams - Federal Reserve Bank of San Francisco

The risks of us getting to a situation where unemployment is well below a sustainable level for a number of years are growing. An economy that overheats for too long, if we let this go too far, it creates greater risks down the road.feedback

Andrew Hollenhorst - Citigroup Global Markets

In our view, the unambiguous answer is that lower unemployment – which should ultimately drive wage pressure – is the more important takeaway.feedback

James Knightley

The rebound in employment offers support to the Fed's assertion from earlier in the week that the slowdown in activity seen in the first quarter is 'transitory'. This would suggest the FOMC members' forecasts that they will hike rates by 0.25 percentage points on two, possibly three more occasions this year, still holds.feedback

Derek Holt - Scotiabank

The trend has been explosive for the Canadian job market. I personally wouldn't throw in the towel on the outlook for the jobs figure when we've had such a strong trend.feedback

Paul Ferley - Royal Bank of Canada

It's not getting any indication of pressure on the inflation front and they are still concerned about potential trade protectionism emerging in the U.S., so I think they will stay cautious.feedback

Brian Coulton - Fitch Ratings

It's job security that causes people to ask for wage rises. If it's easier for them to get a job outside their company, they're more likely to push for higher wages.feedback

Gus Faucher

With continued solid job growth, the US economic expansion will continue throughout 2017. Job and wage gains are supporting consumer spending, which will remain solid through the rest of the year. After pausing at their early May meeting, the Federal Open Market Committee (FOMC) will raise the federal funds rate again in mid-June as the economy is approaching full employment.feedback

Quincy Krosby - Prudential Financial

The market has sorely needed a shot of unambiguously positive 'hard' data. This morning's employment report suggests the Fed will most certainly move in June.feedback

Gus Faucher

The U.S. job market is in solid shape, with underlying job growth of around 175,000 per month. This is about double underlying labor force growth, and thus labor market slack continues to diminish, pushing up wages… With continued solid job growth, the U.S. economic expansion will continue throughout 2017.feedback

Michael Gapen - Barclays

We had a big rise in [unemployment] claims in those states. The April claims data showed those states had some of the biggest declines.feedback

Eshaq Jahangiri

There's a movement called the reformist movement and you've deprived them of all rights and now you are saying that they shouldn't even have a candidate? I've put myself up as a representative of the reformist movement to speak out … They confined everyone to their houses. They [Ahmadinejad's government] earned $700bn, they took it, they spent it and they left nothing, just unemployment.feedback

Mark Zandi - Moody's Analytics

Job growth slowed in April due to a pullback in construction and retail jobs. The softness in construction is continued payback from outsized growth during the mild winter. Brick-and-mortar retailers cut jobs in response to withering competition from online merchants.feedback

Philip Lowe

Conditions in the housing market continue to vary considerably around the country. Prices have been rising briskly in some markets and declining in others. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Rent increases are the slowest for two decades. Growth in housing debt has outpaced the slow growth in household incomes. The various forward-looking indicators still point to continued growth in employment over the period ahead. The unemployment rate is expected to decline gradually over time.feedback

Philippe Martinez - Confédération Générale du Travail

We believe that everybody should learn the lessons of 2002, of the disappointments, of the unkept promises, of unemployment, of social distress, of austerity policies. How is it that, 15 years later, we are in the same situation?feedback

Jessica Hinds - Capital Economics

That would be the lowest unemployment rate in France since the early 1980s and would be substantially below any current estimate of the structural unemployment rate [of between 8.5pc and 9.5pc].feedback

Alain Dehaze - Adecco

The new technology comes out and business talks to education so the latest robots come out and young people are trained on them – it's self-regulating. Companies are sending young people and paying for training, so they know what they want from it.feedback

Alain Dehaze - Adecco

It's not massive in terms of budget, it's massive in terms of 'social dialogue'. You've got to align interests of business and education, then the government has to incentivise apprenticeships, and then legislate for it. It's not cheap labour, it's about creating a well trained, and educated workforce.feedback

Alain Dehaze - Adecco

Three reasons. There's a tendency for the majority of countries to push students towards university, but where I live, Switzerland, 70pc do apprenticeships. Second, these countries do not stop you learning after an apprenticeship, you have the opportunity to continue to study and go on to university. There is no floor and no ceiling with apprenticeships – you are not blocked – but in a lot of countries there is no possibility to continue to study after an apprenticeship.feedback

Harry Bernas

Thanks to Jean-Luc Mélenchon people have begun thinking there's another way out of this crisis of poverty, unemployment, despair. The real question is how to vote to keep that going. In my mind it will be easier to continue the fight under Macron than Le Pen, who is more dangerous.feedback

Robert Gardner - Nationwide

In some respects, the softening in house price growth is surprising because the unemployment rate is near to a 40-year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months. While monthly figures can be volatile, the recent softening in price growth may be a further indication that households are starting to react to the emerging squeeze on real incomes or to affordability pressures in key parts of the country.feedback

Ben Fitzsimmons

The onus is on Hume Coal to make good any impacts on groundwater. And through our mine design we've been able to achieve impacts on groundwater that can be mitigated, and no landholder will go without groundwater. Three hundred jobs during operations for a period of up to 20 years, that's a pretty good employment for an area that's experiencing severe unemployment or underemployment.feedback

Mark Zandi - Moody's Analytics

There are a lot of tailwinds behind consumers going into the spring, including low unemployment, better wage growth, high consumer confidence and record stock prices.feedback

Rosemary Haefner - CareerBuilder

Competition for soon-to-be college grads is escalating to a degree we haven't seen in the last 10 years. In the current environment, where job unemployment continues to decrease and there's continued competition for sought-after skills, employers are especially attracted to college graduates, and the fresh perspective and skills they can bring to the workforce.feedback

Antonio Horta-Osorio - Lloyds Bank

In the first three months of this year we have delivered strong financial performance with increased underlying profit, a significant improvement in statutory profit and returns, and strong capital generation. These results continue to demonstrate the strength of our customer focused, simple and low risk business model and our ability to respond to a challenging operating environment. The UK economy continues to benefit from low unemployment and reduced levels of indebtedness, and asset quality remains strong and is stable across the portfolio.feedback

Carsten Brzeski - ING-DiBa

Before getting too enthusiastic, not all is well in the euro zone. Despite the cyclical upswing, unemployment rates in many countries remain far too high to reduce social inequality, government debt ratios have hardly come down in most countries, and further and necessary works on the structure of the monetary union have been put on hold.feedback

Nela Richardson - Redfin

The market is missing its moment because of too-low inventory. Low unemployment rates and high consumer confidence should create continued momentum in homebuyer demand. But, instead, we're seeing demand cooling when it should be peaking.feedback

Thomas Baldino

While unemployment is higher than the state average, it's not terrible. The problem is that people who have jobs are in jobs that don't pay well. They're working in warehouses, in distribution centers, jobs that pay $10 to $12 an hour. Many of these folks remember places where they could work and support a family.feedback

Daniel Mahoney

This reflects the government's excellent record on achieving record levels of employment in the economy. Levels of net dependency are, however, still too high and remain well above historic levels. This highlights the importance of continuing the government's reforms to promote greater employment, including the need to set the conditions for strong economic growth and to further reduce the marginal tax rates faced by the lowest paid.feedback

Robert Jan van der Kraats - Randstad

Reforms are absolutely necessary to give France back any economic power. The French market has a great supply of people due to the unemployment. We are very much dependent on the strength of the French economy overall and it is clear that France needs some improvements and some reforms. Competitiveness in Europe plays a big, big role. If you're the most expensive one, being France, and you have Poland nearby, or even Portugal at just north of 8 euros, the competitiveness plays a big role.feedback

Michael Clemens

It appears that almost all U.S. workers prefer almost any labor-market outcome -- including long periods of unemployment -- to carrying out manual harvest and planting labor.feedback

Jean-Claude Trichet - European Central Bank

I would say all taken into account, this is an earthquake in French politics. We don't know yet how the political forces will re-establish the appropriate equilibrium, in particular, the two governmental parties. It seems to me that the success of the new government, the new president, will rely upon eliminating this youth unemployment, which is an abominable disgrace. If it is not done then we will see the populism, protectionism, you name it, continuing to grow.feedback

Brooks Fetters

At 4 percent unemployment, if you're not working, there's a reason and it's not a good one. As mayor, I don't have jobs for people who can just use a rake and a shovel. I do have jobs for equipment operators.feedback

Alain Peulet

We've already got problems with unemployment, there aren't enough jobs. And on top of that, we're taking in more people! It doesn't make sense! Is it mean of me to say that, not to want to welcome these people? They say we should be prepared to take in the whole world? Well I don't agree. Those we see here now are not Syrians. I don't know where the Syrians are! I don't know! I see mostly people from Sub-Saharan Africa and northern Africa. In our villages, we see a lot of Africans, more and more! And they come from countries that are not at war.feedback

Andrew Sentance - PricewaterhouseCoopers

It is not surprising to see consumers reining in their spending. Inflation has caught up with pay growth, so real incomes of workers are no longer rising. Employment growth has also slowed sharply over the past six months, even though unemployment remains historically low. The recent period of strong consumer spending growth also relied on households running down their saving and increasing borrowing. That pattern of behaviour is not sustainable in the longer term and at some point consumers will start to rein in borrowing and rebuild their savings.feedback

Philip Hammond

I'm a Conservative I didn't come into politics because I believed in higher taxes. I believe in lower taxes. And I want to see Britain as a high skill, high unemployment, high growth, low tax economy. I say low tax, I mean sensibly taxed economy. We need to address the remainder of our deficit. Get our fiscal accounts back in to balance and it's self-evidently clear that the commitments that were made in 2015 manifesto did and do today constrain the ability of the government to manage the economy flexibly.feedback

Pascal Le Merrer

What challenges will the next president face in terms of employment?feedback

Thomas Theyssier

After two weeks I had been offered a contract, so I signed a three year contract with state help, I know I have steady work for three years.feedback

Jacques Ledin

It is clearly important for companies to help young people obtain a full time contract and even with future contracts they can still train. I find this an interesting programme and I wish we could keep it.feedback

Matt Shulz - Creditcards.Com

This survey shows that despite the booming stock market and low unemployment, an awful lot of Americans are really, really worried about their finances, and what they worry about is changing. Retirement savings had long been Americans' biggest financial boogeyman, but now, health care is what is keeping the most people awake at night.feedback

Byron Kotzamanis

As long as Greece has high unemployment, it may be good luck that there's not a baby boom.feedback

Tim Armstead

We're losing population. We're one of the youngest states in the country that's losing population. We're last in workforce participation. We have one of the highest unemployment rates in the country and we are near the bottom in K-12 education. Things are not where we want them to be.feedback

Nicki Hutley - Urbis

It's still soft. We've heard that the unemployment rate is stuck at 5.9 percent. We've seen jobs growth of just over 1 percent per annum so that's not enough to make inroads into the unemployment rate nor is it enough to put pressure on wages for that to tick up a bit to help the economy and to help inflation back up. So it's still moderate but what this numbers overwhelmingly tells us is that things aren't quite as bad as we thought they were given the last couple of months' data.feedback

Damian Green

This is yet another strong set of figures, with unemployment at a rate that hasn't been beaten since the 1970s and more vacancies than ever before. More people are finding full-time jobs and average wages have grown yet again, meaning more families have the security of a regular wage. However, there is always more to do. That's why we're creating a welfare system that rewards work through Universal Credit, which helps claimants keep more of the money they earn.feedback

Paul Hollingsworth - Capital Economics

Moreover, we remain optimistic that the decline in labour market slack will feed through into at least some pick-up in nominal wage growth. In any case, consumer spending should be supported by strong confidence, jobs growth, and supportive credit conditions.feedback

Paul Hollingsworth - Capital Economics

We doubt that a repeat of the erosion of households' spending power seen after sterling's last major depreciation in 2008 is on the cards, when the rise in inflation was exacerbated by a pick-up in commodity prices and a series of VAT hikes. Moreover, we remain optimistic that the decline in labour market slack will feed through into at least some pick-up in nominal wage growth.feedback

Recep Tayyip Erdogan

If one man is all-powerful, will terror be eliminated? Will unemployment (now 12 percent) fall?feedback

Paul Ashworth - Capital Economics

Payroll gains should now settle down to a steady 150,000 to 170,000 per month, which would be enough to keep the unemployment rate on a gradual downward trend.feedback

Peter Boockvar - The Lindsey Group

I want to make something very clear, we are late cycle in this economic expansion and with the unemployment rate now down to 8.9 percent all in and 4.5 percent in the widely followed U3, it is tougher and tougher to find good employees and thus it is the supply side of the equation that is the likely reason for this jobs miss relative to expectations. That said, economic growth is likely to be only about 1 percent this quarter and with weak productivity as almost 180,000 jobs per month is not adding much in terms of growth.feedback

Scott Anderson

Risks that the new administration and Congress could get seriously side-tracked from their tax cut, infrastructure, and deregulation agenda are on the rise.feedback

Megane Greene - Roubini Global Economics

Right now, real wages are basically stagnant. That's why things like retail sales growth and other indicators for consumer demand have been so anemic.feedback

Cathy Barrera

As long as we see the unemployment rate decline, we will see more rate hikes.feedback

Gus Faucher

Job growth this year is running close to last year's pace and is running well ahead of what is needed to keep up with labor force growth.feedback

Nicola Sturgeon

When I was growing up Margaret Thatcher was prime minister and the policies she was implementing were doing real damage to the kind of communities I was growing up in. But very, very few people in Scotland voted for Margaret Thatcher. It just seemed to me wrong that this prime minister that Scotland didn't vote for was able to implement policies that were leading to high unemployment, devastating communities. Margaret Thatcher once famously said there was no thing about society – well, I do believe in society. I believe in a strong, cohesive society.feedback

Mark Marcon - Robert W. Baird & Co.

While the overall unemployment rate is low, the worker participation rates also continue to be low which suggests that perhaps there are portions of the labor market that are still being underutilized.feedback

Paul Sheard - S&P Global

I think after a sustained period of low inflation, weak growth, with still unemployment relatively high in the euro zone … Now is not the time to be hitting the exit button.feedback

Betsy Wade

The last person hired was the first person fired, and I went. You couldn't get unemployment insurance in those days if you were pregnant. We were living up the Hudson River at Fort Lee, N.J. I was in a state of terror and confusion, sewing a layette. My career was washed up.feedback

Chris Williamson - Markit

Most welcome for a region still suffering near-double digit unemployment is a rise in the survey's employment index.feedback

Derek Mackay

Scotland's economy faces continued headwinds, such as the slowdown in the oil and gas sector and weak global demand. Despite these challenges, the foundations of our economy are strong with growth in 2016, unemployment falling and early signs that the situation is improving for North Sea operators. We have already seen significantly lower consumer confidence in Scotland since the vote last summer. Now we see that feeding through into our growth figures and all of this is before the UK actually leaves the EU.feedback

Vivien Schmidt

It's the same discourse of globalization gone too far, of outrage over high unemployment – and especially youth unemployment. But it's also sociocultural. People really feel a loss of control, political and otherwise. Le Pen gives people a nostalgia for a vanished past, a past most people don't even remember.feedback

Richard Curtin

Democrats expect an imminent recession, higher unemployment, lower income gains, and more rapid inflation, while Republicans anticipate a new era of robust growth in incomes, job prospects, and lower inflation. It is a rare situation that combines increasing optimism, which promotes spending, and rising uncertainty which makes consumers more cautious spenders.feedback

John Mirowsky

A woman who had her first child at 34 is likely to be, in health terms, 14 years younger than a woman who gave birth at 18. Studies suggest that early motherhood interferes with educational attainment and predisposes women to single-parenthood, unemployment and poverty. Problems drop steadily the longer that first birth was delayed, up to about 34, then rise increasingly and steeply, particularly after the age of about 40.feedback

Ian Lyngen

The correlation isn't as strong for the month-over-month change in nonfarm payrolls than it is for the unemployment rate.feedback

Adam Posen - Bank of England

The work force is only growing at 0.5 percent and productivity's at 1 percent so it can't reach these 3-4 percent growth targets. If unemployment is, unfortunately, about as low as it's going to go, you can't pick this up. Then you're going to get financial deregulation, which in some ways is a good thing but is likely to feed further credit boom, as it's always done in the past, so the Fed will start tightening against this – that's your boom-bust cycle.feedback

Michael Gannon

There is also the health affects of unemployment that need to be considered. The Australian Medical Association has clear positions about the risk of providing energy supply through fossil fuels and specifically the risk of brown coal, but somewhere in this we would call for common sense.feedback

Alexis Tsipras

This isn't our Europe. We want to change this Europe, to say no to the Europe of fear, of unemployment, of poverty, and say yes to the Europe that takes care of social needs.feedback

Heath Terry - Goldman Sachs Group

My expectation is that it could be tumultuous impact but I don't think it is something that will leave us with a higher unemployment rate.feedback

Antonio Tajani

We can defeat terrorism, solve the problem of immigration and banish the lingering economic crisis, with the scourge of youth unemployment, only if we are able to rediscover and appreciate the reasons that brought us together.feedback

Stephen Hawking

Ever since the start of the industrial revolution, there have been fears of mass unemployment, as machines replaced humans. Instead, a demand for goods and services has risen in line with the increased capabilities. Whether this can continue indefinitely is an open question, but there is a greater danger from artificial intelligence if we allow it to become self-designing, for then it can improve itself rapidly, and we may lose control. I have always supported women's rights.feedback

Marine Le Pen

The results in Britain are wonderful. They have unemployment that is lower than it's been for decades. Everyone knows what my view is on the euro and the European Union, which forbids economic patriotism, economic patriotism.feedback

Ayatollah Khamenei

The middle and lower classes of society were suffering from these problems and they continue to do so in the present time. I feel bitterness with all my heart. I feel the bitterness that the people experience. And this bitterness is related to economic matters and problems such as high prices, unemployment and social detriments. Well, all of us are responsible. However, there is a large gap between what has been carried out, and what the people and what we expect. I call the new year, a year of resistance economy, production and employment.feedback

Angel Gurria - OECD

You still have the legacy of the crisis very much alive in terms of low growth, high unemployment, growing inequalities, and then a very large impact in the destruction of trust.feedback

Ulrich Spiesshofer - ABB

Taxing robotics is as intelligent as taxing software. They are both productivity tools. You should not tax the tools, you should tax the outcome that's coming. If you look at economies with the lowest unemployment rates in the world and correlate it with robotics: Germany, Japan, South Korea have the highest robotics rates with more than 300 robots per 10,000 workers, and they have the lowest unemployment rates. So robotization and automation, wealth and prosperity go hand-in-hand. It drives competitiveness, it drives productivity and it creates jobs.feedback

Kallum Pickering - Joh. Berenberg, Gossler & Co.

There is a clear case for tighter monetary policy in the UK. The economy is in its eighth year of expansion, unemployment is at a record low, and households are gearing up again.feedback

Robert Heller

We have very low unemployment rate of 4.7 percent, we have inflation roughly at 2 percent, so rates should be normal now. And normal…would be at 3 percent. Instead, we are below 1 percent. If they move a lot faster in response to the Trump program, Trump may well argue that Fed is ruining the progress that they're trying to make in having even further economic growth, faster economic growth. I think that's entirely possible.feedback

Paul Dales - Capital Economics

As such, the labor market is unlikely to generate much inflationary pressure for the foreseeable future. If the unemployment rate were to rise sharply, this could be enough to prompt a further rate cut by the RBA.feedback

Sheila C. Bair

The economy is reasonable … unemployment looks good, inflation's still just shy of their 2 percent. And so why shouldn't she raise rates. I'm glad they did. I hope they keep doing it.feedback

Scott Minerd - Guggenheim Partners

That gives the market the confidence … that they're not going to let inflation run out of control and that they are going to try to stay on course. If they see unexpected rises in inflation or continued declines in unemployment, that they'll continue to gradually upgrade their expectations, which will lead to a faster rate of increases.feedback

Janet L. Yellen - Federal Reserve System

The unemployment rate has moved way down and many more people feel optimistic about their prospects in the labor market. There's job security. We're seeing more people who are feeling free to quit their jobs, getting outside offers for other opportunities. So I think the job market, which is an important focus for us, is certainly improving.feedback

Rohit Chopra

Despite a rising stock market and falling unemployment, student loan borrowers are still struggling. The economy remains very difficult for so many young people just starting out. More than 1 million people defaulted last year, and most of that could have been prevented by loan servicers. Too many of them put their own bottom line before the best interest of borrowers. There are too many people given the run around.feedback

Damian Hinds - Department for Work and Pensions

I'm delighted by another set of record-breaking figures showing more people in work than ever before and unemployment falling to its lowest in 12 years. Employment is up, wages are up and there are more people working full-time. This is good news for hard-working families across the UK as we continue to build a country that works for everyone. But we have more to do, which is why we're pressing ahead with our welfare reforms to ensure that it always pays to be in work.feedback

Jacob A. Frenkel - JPMorgan Chase & Co.

Economic activity in the U.S. is now much more robust than it was, the unemployment rate is at a very, very low level, the composition of unemployment is also healthy, the duration of unemployment is lower. And also inflationary pressures are now coming more towards the 2 percent target of the Fed. We are still very close to zero while the normal configuration is around 3 percent or so…one needs to take the journey to go there. We should not think about it as a single step, we should think about it as a journey, as a strategy.feedback

Gus Faucher

I think the concern, in terms of why the Fed is raising rates now, is that inflation is picking up. The unemployment rate is 4.7% and that's putting upward pressure on prices. We have slower labor force growth because of the ageing of the baby boomers, [and thus] slower productivity growth in terms of output per worker. That has reduced the potential for long-run growth, it's reduced inflationary pressures, and I think rates in the future will be lower than they have been in the past.feedback

David Freeman

With the unemployment rate last lower in summer 1975 and the employment rate still at a record high, the labour market remains robust. But smaller wage increases and higher inflation mean the growth in real earnings has slowed sharply in recent months.feedback

Suren Thiru

Average pay growth continues to slow, and it appears increasingly likely that inflation will outstrip earnings growth in the coming months, which will put further pressure on consumer's spending power.feedback

Rohit Chopra

Despite a booming stock market and unemployment falling, student loan borrowers are struggling.feedback

Kirsten Gillibrand

The 'find money' plan rarely works. I'd go with an earned benefit that we all buy into. People understand this; most states have workman's comp, most states have unemployment insurance. All of us know, if we can invest in insurance that is there when we need it, all of us benefit.feedback

Shane Oliver - AMP Capital Investors

Solid U.S. employment growth of 235,000 in February, a fall in unemployment and a slight rise in wages growth keep the Fed on track to raise interest rates again this coming Wednesday. However, with U.S. monetary policy a long way from being tight, future rate hikes likely to be gradual and US economic data likely to be solid we don't see it derailing the bull market in shares.feedback

Mick Mulvaney

We've thought for a long time, I did, that the Obama administration was manipulating the numbers, in terms of the number of people in the workforce, to make the unemployment rate – that percentage rate – look smaller than it actually was. The credibility that I think I bring to this job is that I believe very firmly in real numbers. My job is to tell the president the truth. My job is to tell you the truth.feedback

Reince Priebus - Republican National Committee

@POTUS Trump delivers in first #JobsReport. 235,000 new jobs and unemployment rate down to 4.7%. Great news for American workers!feedback

Sean Spicer

Great news for American workers: economy added 235,000 new jobs, unemployment rate drops to 4.7% in first report for @POTUS Trump. Not a bad way to start day 50 of this Administration.feedback

Sean Spicer

Great news for American workers: economy added 235,000 new jobs, unemployment rate drops to 4.7% in first report for @POTUS Trump. The 5 percent figure is one of the biggest hoaxes in modern politics. I talked to the president prior to this, and he said to quote him very clearly: 'They may have been phony in the past, but it's very real now.feedback

Sean Spicer

Great news for American workers: economy added 235,000 new jobs, unemployment rate drops to 4.7% in first report for @POTUS Trump. The 5 percent figure is one of the biggest hoaxes in modern politics. I talked to the president prior to this, and he said to quote him very clearly: 'They may have been phony in the past but they are very real now.feedback

Ian Shepherdson - Pantheon Macroeconomics

This means that the Fed likely will sit down in June with unemployment at 4.5pc or less. The Fed's comfort zone peaks at about 3pc, so the upside risk is now very clear.feedback

Erik Wemple

As a candidate, Donald Trump famously called into question the government’s official unemployment numbers. “Such a phony number, ” said Trump in a 2015 news conference with regard to the then-5.1 percent rate. On a subsequent occasion, he said, “the five percent figure is one of the biggest hoaxes in modern politics.”.feedback

Josh Feinman - Deutsche Asset Management

They'll probably say rates will stay fairly low, a shallow trajectory. But look, the economy looks like it's making progress. We don't need zero rates anymore.feedback

Jonathan Cribb

We don't know how far you can push this before you get much more substantial amounts of unemployment.feedback

Larry Hogan

We could easily see areas of poverty, areas of high unemployment and areas where bus lines were not connecting to jobs, but that wasn't illustrating the full picture or helping us determine the best way to direct our resources.feedback

Carlos Kawall

We see zero growth in 2017, or maybe just a little bit above that. We should not see any big recovery this year; we will have to wait until 2018.feedback

Raj Aggarwal

What can we do to put down the roots now so it's beyond an administration, but what's best for the city?feedback

Muriel Bowser

I am confident that this framework will accelerate our progress as a leader for inclusive prosperity by creating opportunities that are accessible to all, supporting longtime businesses and residents, and benefiting our most disadvantaged communities.feedback

James Pethokoukis

I think if you talk to economists, they're a lot more skeptical, because this is not a new story. Worrying about automation and robots taking jobs–that has been a reoccurring concern since the industrial revolution. And while there have been some difficult transition periods where there has been unemployment or wages didn't go up, eventually things all sort of work out in the end. I think the baseline economist's expectation is that that might happen again: There might indeed be a very difficult transition period, but in the end there will be jobs and incomes will rise.feedback

James Pethokoukis

So they've leaped ahead and started thinking about solutions. So, if you're worried about technological unemployment, the first thing you're going to think of is 'okay, if they're unemployed, we don't want anybody starving, so we're just gonna give everybody a basic income.'...I think it's an idea to consider. There are various flavors of the Basic Income. Right now I'd rather focus on getting people good jobs and training them rather than throwing up my hands and writing them a check.feedback

Jasper Lawler - CMC Markets

With unemployment and inflation objectives close to target and no 'financial tightening', the Fed's code for falling markets, they are all out of excuses not to hike in March.feedback

Frank-Jürgen Weise

The number of people without work narrowed in February, insurable employment lies significantly higher than last year's level and demand by businesses for new workers remains at a high level.feedback

Samuel So - Fitch

For Dallas, the current unemployment rate in the Fort Worth [Texas] region is 3 percent. You'd have to go back 30 years to go that low. We think it's not sustainable. The business cycle will turn. Eventually, when it does, home prices will come down.feedback

Jim O'Sullivan - High Frequency Economics

The pattern (in jobless claims) is consistent with the trend in employment growth remaining strong – more than strong enough to keep the unemployment rate trending down.feedback

Mohamed Abdullahi Mohamed

Our government will not loot but will help its people. We shall fight insecurity, economic crisis and unemployment.feedback

Mark Cuban

I'm willing to bet that these companies building new plants ... this will lead to fewer people being employed. People aren't going to have jobs. How does [Trump] deal with displaced workers?feedback

Clayton Fresk - Stadion Money Management

South Africa's economy is looking weak at best. Growth has been on a steady decline since the end of 2010 while unemployment continues to hover around 25 percent.feedback

Teresa Villaverde

With unemployment and everything like that, people get lost and then comes someone like Donald Trump or, in Europe, ... these new right-wing people like Marine Le Pen. There are many countries that have had a long democratic tradition and to our surprise we see the return of right-wing parties across Europe - we thought we'd never see this again.feedback

Janet L. Yellen - Federal Reserve System

The economy has recovered more quickly, for example, than ... European Union economies have in the aftermath of the crisis. The Federal Reserve has put in place highly accommodative monetary policies meant to spur spending in the economy and restore low unemployment or to achieve the goal of maximizing employment and price stability as assigned to us by Congress. I believe we're coming very close to achieving those objectives, and monetary policy remains accommodative. Economic growth has been quite disappointing.feedback

Janet L. Yellen - Federal Reserve System

The economy is recovering from a very severe crisis. We've put in place stronger financial regulation that has forced our banks to build up their capital buffers to deal with problem loans and to strengthen themselves to the point where they have been to support economic growth and recovery in our economy. The Federal Reserve has put in place highly accommodative monetary policies meant to spur spending in the economy and restore low unemployment or to achieve the goal of maximizing employment and price stability as assigned to us by Congress.feedback

Jerry Brown

In the short-term, these projects will benefit businesses up and down the state and put thousands to work – many in communities with the highest rates of unemployment.feedback

Pierre Moscovici - European Union

The European economy has proven resilient to the numerous shocks it has experienced over the past year. Growth is holding up and unemployment and deficits are heading lower. After years of crisis, we are building a success story, where reforms allow for a return to growth, investment and confidence. We cannot add, just like that, a crisis to a context of recovery in Greece and global uncertainty. Let's be reasonable. We must ensure that its benefits are felt in all parts of the euro area and all segments of society.feedback

Mari Kiviniemi - OECD

We are seeing an alarming scale of youth unemployment, the highest in the world. Young people express lower levels of trust in government than their parents. Yet the Arab youth are more educated and connected than ever and represent one of the biggest assets of region.feedback

Seth A. Klarman

Market confidence is threatened when the norms of a democratic society are under attack. While they might be popular, the reason the U.S. long ago abandoned protectionist trade policies is because they not only don't work, they actually leave society worse off. The anticipated fiscal stimulus and protectionist policies amidst sub-5% unemployment could prove quite inflationary, which would likely shock investors.feedback

Francois Villeroy de Galhau

Our responsibility is therefore to accelerate [that growth], especially if we really want to reduce unemployment.feedback

Beat Wittmann

For the time being it's good. It's good and I think that run still has some legs, because Trump is Trump, he's not a Republican, he's not a Democrat and, as he's basically a family business leader, he will not like to see the stock market down really and he would not like to have unemployment rising, so these two things will be the guiding light of his presidency. M&A volumes have been the highest since the year 2000 so there is a lot of pent up demand for investment and valuation levels that are quite high in the U.S. and are not a good guiding tool for market timing.feedback

Abdallah Benjana

Isn't there enough tension to spark trouble? Unemployment, insecurity, high rents… no idea of a future; you do this to a young man; all of this can only explode.feedback

Andy Bruce

The deals are good, unemployment is low and they are the things that have driven growth.feedback

Art Hogan

Here's the good: It's better than expected and much better on the private payrolls. When you see the unemployment rate go higher for the right reason, that's a positive.feedback

Gus Faucher

The increase in the unemployment rate came about from both more people working and more people looking for work – a positive.feedback

Sam Bullard - Wells Fargo Securities

Solid job growth should help, in part, lead to lower unemployment and firming wage pressures, and justify the Fed hiking interest rates twice this year.feedback

Chrissy Metz

I kept auditioning, with no savings and no money, credit card debt gaining interest. I went on unemployment. I bought ramen noodles at dollar stores. I never had to – God forbid – live on the streets; I moved in with a roommate who told me, Stay with me until you can afford rent. Don't give up.' People who supported me were like, If you don't have money for food, I'll cook you dinner. You don't have money for acting class? Let's get together and read lines.'.feedback

Andrew Chamberlain - Glassdoor

With a near-record job openings and a 4.7 per cent unemployment rate, it's unlikely much slack remains.feedback

Stefan Kipar - BayernLB

Unemployment could rise somewhat in the coming months, also due to the integration of refugees into the labour market.feedback

Fawad Razaqzada - Forex.com

The European Central Bank's large bond-buying program appears to be finally working its magic. Inflation is on the rise, unemployment is falling and the economic bloc is growing, all thanks to years of zero interest rates, several versions of bond purchases program and a resulting weak currency.feedback

Barry Carpenter

Historically, our industry has been an excellent starting point for new Americans. Immigrants and refugees can be an important component of some companies' labor forces, especially in rural areas where low unemployment creates a tight labor supply.feedback

Sylvain Leduc - Bank of Canada

We've conducted model simulations to analyze the effects of such a shock and found that the buffers in the Canadian financial system would be sufficient to absorb its impact. So while there would be stress, the financial system would remain resilient.feedback

Dennis Lockhart

A great deal is going on in labor markets that we don't fully grasp. For a variety of reasons, employers seem to be paying much more attention to the quality of prospective hires than pre-recession.feedback

Charles Plosser - Federal Reserve System

As an example, one contact in the staffing industry told us that during their pretesting process, a majority – actually, 60 percent of applicants – failed to answer '0' to the question of how many days a week it's acceptable to miss work.feedback

Jeffrey Lacker - Federal Reserve System

Drug abuse and the hardship involved in unemployment aren't really laughing matters,. It's hard to pin this down quantitatively, but it strikes me that there could be something meaningful there as a contributor to impediments to labor market functioning.feedback

Eric Garcetti

I think we're on very secure ground as the US Constitution says you can't put a federal financial gun to the heads of states and tell them what to do in exchange for funding. We also feel that the ethical argument and the practical argument are on our side. In these cities that are open to more immigrants we have lower crime rates, we have more economic prosperity, lower unemployment rates, so we feel like this will holdup in court.feedback

Sigmar Gabriel

The policies of Angela Merkel and Wolfgang Schaeuble have no doubt contributed to the deep crises in the European Union since 2008, to the isolation of a dominant German government and, through a relentless insistence on austerity, to high unemployment outside Germany. One consequence has been the strengthening of anti-European populist parties and the damaging of not only democracy but also a good investment climate. The continuation of the current policies comes at the cost of sustainable growth. This is also dangerous for Germany.feedback

Ed Lazear

If you look at the history of the United States and our economy in particular, and you look at where we've been and what we've accomplished, it's really an amazing story. Look at the amount of churn there is in the labor market. Every year, 40 percent of the jobs turn over. Every single year. That's amazing. I complain about high taxes, I don't like what the last administration did to our tax rates, but even then, even with that, we still have a 25 percent tax-to-GDP ratio. You look at any other country, any G-7 country, their immigrants have higher unemployment rates than we have.feedback

Ed Lazear

Our immigrants have a 10 percent lower unemployment rate than the native-born population, so we've got a lot of things going for us. I think that ... we can look forward to a positive future, and I'm hopeful.feedback

Markus Jantti

This is a trial for a new kind of unemployment benefit, not for basic income. It targets only one population group, the unemployed, and lacks essential elements including taxation. The trial should have included all population groups, which in turn would lead to a larger sample size to be effective.feedback

Jim O'Sullivan - High Frequency Economics

If the unemployment rate falls some more, it is going to add to upward pressure on wages and inflation and reinforce the case for Fed tightening.feedback

Michael Saunders - Bank of England

Rather than the rise in unemployment forecast in the November Inflation Report, it seems quite possible to me that the jobless rate will stay below 5% this year. The economy might be able to run with lower unemployment than previously, consistent with the inflation target.feedback

Eric Rosengren - Federal Reserve Bank of Boston

Without further gradual increases in interest rates, one might be concerned that the unemployment rate could drift below its long-run sustainable level - and as a result, inflation could eventually exceed the Fed's 2 percent target. The stance of monetary policy will need to adjust - to prevent the economy from dramatically overshooting on both elements of the dual mandate, which would place the economic recovery at risk.feedback

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