AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Better Pay, For Now.(International Edition; JOBS)(Brief article)
Byline: Rana Foroohar
As anyone who works in media or finance can tell you, mandatory pay cuts are becoming as common as layoffs. Yet, these industries are actually exceptional--one mystery of this recession is that overall average hourly earnings in the U.S. have continued to grow, even as jobs disappear. Looking back historically at the 18 recessions since World War I, workers' earnings have always fallen hard and fast. Except this time around. Employers may be rushing to cut head count and the number of hours worked, but labor statistics show that they're still paying people 3.4 percent more this year than last.
What's going on? Nothing good, according to economists Julian Jessop and Paul Ashworth at London's Capital Economics. In research put out earlier this month, Capital ...
- Market falls spark new warning over diversification.
- Magazine article from: Fund Strategy August 13, 2007 700+ words
...However, according to the Capital Economics report, three recent bouts...international economist at Capital Economics, in the report. "Gold...Hayley's colleague at Capital Economics, Julian Jessop, says that investor behaviour...
- Bank of Japan to raise interest rates.
- Magazine article from: Fund Strategy November 6, 2006 700+ words
...rate hikes, according to Capital Economics. Julian Jessop, chief international...is on an upward trend. Capital Economics says interest rates could...pricing in a rise to 1%. Capital Economics also argues that the importance...
- End of yen carry trade is global threat.
- Magazine article from: Fund Strategy March 12, 2007 700+ words
...Japanese loans are used to invest elsewhere - poses considerable risks to the global economy, according to Capital Economics. Julian Jessop, chief international economist at the economic consultancy, argued in a report last week* that risk...
- Greenspan to raise Fed rate.
- Newspaper article from: Knight Ridder/Tribune Business News September 21, 2004 700+ words
...biggest economy, saying the most recent data suggested that the expansion had "regained some traction". Julian Jessop at Capital Economics said: "Tomorrow's rate rise is all about maintaining market confidence. Ironically, the best thing...
- Surge in US jobs ups June rates rise chance.
- Newspaper article from: The Evening Standard (London, England) May 7, 2004 700+ words
...in by the markets will have to be raised." Knightley expects rates to be at 2% by yearend. However, Julian Jessop at Capital Economics said August was still the "overwhelming favourite" for a first move. "If the Fed thought June was a...
- Gold price rises over $1,000
- News wire article from: AP Worldstream CARLO PIOVANO September 8, 2009 700+ words
...hurting the country's currency. It is mainly the reflection of the weakness of the dollar, said Julian Jessop, economist at Capital Economics. The dollar fell to 92.29 yen on Tuesday from 93.05 yen the night before and slid to $1.4434...
- South Asian flood carries hidden economic costs.
- Newspaper article from: Sunday Business (London) January 9, 2005 700+ words
...JP Morgan. Arguably, the growth figures underplay the real cost of replacing destroyed capital. Julian Jessop, economist at Capital Economics, said: "There is a quirk in conventional national accounting which means that measured GDP can...
- Gold hits more than $1,000 an ounce
- Newspaper article from: Deseret News (Salt Lake City) September 9, 2009 700+ words
...over $1,000 in February. "It is mainly the reflection of the weakness of the dollar," said Julian Jessop, economist at Capital Economics. The dollar fell to 92.32 yen on Tuesday from 93.05 yen the night before, while the euro strengthened...
Source: HighBeam Research, Better Pay, For Now.(International Edition; JOBS)(Brief article)