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example, the American Mathematical Society, American Society of Civil Engineers, or the Royal Society). In some countries (for example the United States, France and Latin America), the term 'society' is used in commerce to denote a partnership between investors or the start of a business. In the United Kingdom, partnerships are not called societies, but cooperatives or mutual are often known as societies (such as friendly societies and building societies).

TASK-4

a) The government should tackle the symptoms of unemployment

Economists expect official labor market data due at 9.30am to show the claimant count fell again in April, this time by 20,000 following a 32,900 drop in March. Still, behind those headline figures, the number of long-term unemployed, particularly among the over-50s, has been rising. And at 2.5 million the number of people out of work is at its highest since the end of 1994. Economists see no change in today's data from the jobless rate of 8%, the highest since 1996. With public sector job cuts looming, and firms likely to think twice about hiring workers if the recovery remains sluggish, we still think that employment has further to fall,' says Jonathan Loins at Capital Economics. The Chartered Institute of Personnel and Development (CIPD) have also warned that recent political uncertainty could hurt the labor market. The UK jobs market remains fragile with tentative signs of increased hiring by private sector employers offset by mounting pessimism in the public sector, and employers in general still very uncertain about the strength of the economic recovery,' says the Cap’s chief economic adviser John Philpot. Employers are looking for a lasting political settlement and, in particular, clarity on the shape of economic and employment policy that will help inform decisions about staffing levels. Without this, hopes for any marked improvement in job prospects later this year will be dashed. The Office for National Statistics' data on average earnings will be scrutinized for any signs that above-target inflation is spilling over in the labor market. Economists are not overly worried about that happening yet, with a Reuter’s poll forecasting average weekly earnings growth to come slow to 2.1% in the three months to March on a year ago after growth of 2.3% in the three months to February. The BoE, whose quarterly inflation report is due at 10.30am, has recently shown signs of becoming a little jitterier about the inflation outlook. The Bank left rates on hold at a record low of 0.5% this week but economists expect it will today concede that inflation will be slightly higher than previously thought this year, raising the chances of borrowing costs being increased before the end of the year. In February the Bank blamed the spike in inflation on short-term effects such as rising oil prices and the end of a VAT cut; it saw inflation falling back appreciably later this year. While the latest data showing a surge in industrial production yesterday points to stronger economic growth in the first quarter, BoE governor Mervin King is likely to use the press conference following the inflation report's publication to stress there is still plenty of spare capacity in the economy to keep inflation contained. The current recovery does not appear to have enough 'legs' to sustain itself without ultra low本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。