Employment
in sentence
3253 examples of Employment in a sentence
An additional fiscal stimulus at a time of near-full
employment
and large public debt is exactly what the doctor did not order.
In services, trade barriers stand in the way of improved quality and efficiency, slowing the growth of a sector that could make a huge contribution to competitiveness and
employment.
For example, it is untenable in rich countries that farm interests accounting for less than 4% of
employment
are effectively able to block a deal to open new markets for services and manufactures, which account for more than 90% of
employment.
That means, first of all, refocusing economic policy on growth, employment, and institutional innovation.
European citizens have already shown a sense of responsibility and capacity for sacrifice, but they should know why hope – in the form of higher
employment
and living standards – is not futile.
When the economy is at full employment, this is a legitimate concern.
But Keynes’s theory was incomplete: his was a theory of employment, interest, and money.
Data on
employment
– critical for policymakers, as they prepare for the future – tell a similar story.
To put this in perspective, consider
employment
projections for the European Union, which foresee the addition of 16 million new jobs between 2010 and 2020.
Labor, no matter how inexpensive, will become a less important asset for growth and
employment
expansion, with labor-intensive, process-oriented manufacturing becoming a less effective way for early-stage developing countries to enter the global economy.
Adapting to this will require shifts in mindsets, policies, investments (especially in human capital), and quite possibly models of
employment
and distribution.
For example, eradicating poverty entails the provision of food, water, energy, and access to gainful
employment.
They increase competitiveness, facilitate innovation, and boost private-sector returns, generating growth and
employment.
Finally, and most important, the magnitude and duration of the drop in aggregate demand has been greater than expected, partly because
employment
and median incomes have been lagging behind growth.
Traditional socialism, with its promise of the benevolent power of the state, has vanished beyond recall; and so has the infinite reassurance of the welfare state, which was supposed to protect against all adversity; and so has the paradigm of Keynesian demand management, with its promise of guaranteed
employment
and prosperity.
Many countries in the early 1930’s had terrible bank runs, which inflicted immense and immediate damage, decimating
employment
by bringing down businesses that were fundamentally creditworthy.
Next, let’s look at the
employment
rate, which in the UK stood at 72.9% of the population aged 16-64 at the end of 2007.
In the US, by contrast, the
employment
rate was 62.8% at the end of 2007, 58.6% in March-May 2010, and then only slightly higher, at 59.2%, during November 2014-January 2015 – still below the pre-crisis level.
But Chinese firms say that few local workers have the necessary skills; if they do, African governments can dictate some
employment
terms, including the proportion of local recruits on a project, as the Democratic Republic of Congo and Angola have done.
On balance, that is easily 1-1.5 percentage points below the developed world’s longer-term, or potential, growth trend – a worrisome outcome, to say the least, for employment, deflation risk, global trade, and export-dependent developing economies, such as China, which remain heavily reliant on external demand in developed countries.
If this scenario plays out, the impact on economic activity and
employment
will be minimal.
Because the US enjoys financial stability --full employment, very moderateinflation of 2 -3 percent per year, a budget deficit smaller (as a share of GDP) than that of Japan or Germany, a public debt ratio that is enviably low compared to most industrial countries – dollar decline is just not a threat.
Surplus countries, too, must adopt measures to strengthen the domestic economy by creating incentives for investment and
employment.
Without structural reforms to strengthen
employment
and growth, even the most earnest efforts to foster recovery will come to nothing both economically and politically.
In 1999, Japan’s Equal
Employment
Opportunity Act was amended to provide equal
employment
opportunities for men and women by prohibiting discriminatory labor practices.
The best therapy for reinvigorating growth is both direct, by increasing competitive pressure, and indirect, by triggering the necessary adaptation in national employment, welfare, and education policies.
In the interview, Hollande acknowledged that, despite his pledge, a reversal of the negative
employment
trend “didn’t happen” this year.
With demand relentlessly squeezed, not even depressed wages can generate adequate
employment.
The theory of secular stagnation, as advanced by Alvin Hansen and echoed by me, holds that, left to its own devices, the private economy may not find its way back to full
employment
following a sharp contraction, which makes public policy essential.
Even if we disagree about past political judgements and about the use of the term “secular stagnation,” I am glad that an eminent theorist like Stiglitz agrees with what I intended to emphasize in resurrecting that theory: We cannot rely on interest-rate policies to ensure full
employment.
Back
Next
Related words
Growth
Which
Would
Their
Economy
Economic
Countries
Workers
Labor
Investment
Government
People
Could
Demand
Education
While
There
Output
Should
Opportunities