![]() He was also one of the leaders of A New England, players who had bags of technical ability, ruthless dedication to fulfilling their potential and had skewered the point at which confidence and swagger met. Even at 20, Sancho appeared to possess a collection of attributes that might make him immune to the Manchester United mega transfer curse. They have spent roughly a billion pounds on new players and have only a few unqualified successes to show for it.īut this one hit a little harder and stung a little more. ![]() If Manchester United’s last decade is defined by anything, it is the dividends paid to majority shareholders while the club haemorrhages money and the black hole into which their most expensive signings seem to dive. There is nothing particularly new about all of this. Sancho’s repeated, unsuccessful runs began to feel like eavesdropping on an awkward first date. Most frustrating of all was the way he would play a pass and make an unrequited dart forward. Hurricane Ian, which caused massive devastation, especially in Florida, ‘had no discernible effect’ on the data, which was collected before the storm made landfall.Rather than roaming and switching positions to surprise and unnerve defenders, Sancho was restricted to one position. The unemployment rate, which edged up in August as more workers came off the sidelines to join the labour force, slipped back last month, and the participation rate was barely changed at 62.3 per cent as the pool of available workers was about steady. The data showed notable gains in the leisure and hospitality sector and in health care, and a decline in government jobs. US employers continue to complain that they have difficulty filling open positions, and the Fed also wants to see signs of an easing in the tight labour market. He said it was ‘cool enough to make the Fed happy that the ‘tight’ labour market is loosening, and warm enough to satisfy most Americans looking for work, or looking to switch jobs for higher pay.’ Still, Robert Frick, corporate economist with Navy Federal Credit Union, called the September data ‘a Goldilocks jobs report.’ ‘We haven’t yet made meaningful progress on inflation, and until that progress is both meaningful and persistent, I support continued rate increases,’ Waller said in a speech Thursday. The Fed has raised the benchmark lending rate five times this year and said more tightening will be needed to get inflation down, but acknowledge that the process could cause a painful economic slowdown.Īnd Fed officials in recent comments have made it clear that no single data report will change their trajectory since it will take time for inflation to get back down to the 2 per cent goal.įed board member Christopher Waller warned that given ongoing price pressures, including from the US housing market, inflation is ‘not likely to fall quickly.’ However, these data do not change the near-term course of monetary policy,’ Rubeela Farooqi of High Frequency Economics said in an analysis. ‘A moderation in job and wage growth will be welcome developments for Fed officials. Over the past 12 months, average hourly earnings have increased by 5 per cent, and the Fed is watching closely to see if wages accelerate, which would fuel further inflation pressures. The data showed 2,63,000 jobs were added last month, while the unemployment rate slipped two-tenths of a percentage point to 3.5 per cent, the Labor Department said.Īnd of more concern for policymakers, the report showed a 10-cent increase in average hourly earnings in the month to $ 32.46. The steady slowdown in new positions added in the world’s largest economy is good news for the Federal Reserve as it works to cool the economy and tamp down rampant inflation.īut the central bank likely will want to see more progress on slowing price gains, which have been the fastest in 40 years, before pulling back on its aggressive interest rate increases. ![]() Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back down to the same level as July, the government reported Friday. Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back down to the same level as July, the government reported Friday.
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