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  1. stagnation
    a state of inactivity
    “The combination of eliminating the payroll-tax forgiveness along with continued stagnation in wages, I think, could be a real hit in terms of jobs,” said Christine Owens, executive director at the National Employment Law Project, a labor advocacy and research group.
  2. pessimistic
    expecting the worst possible outcome
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  3. viable
    capable of life or normal growth and development
    Millions have exhausted their unemployment benefits and many more will roll off the government’s system in the coming months with no viable options in sight.
  4. advisor
    an expert who gives guidance
    The hiring there was probably because of a combination of rebuilding from Hurricane Sandy, unseasonably warm weather that led to fewer work stoppages, and the nascent housing recovery, said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors.
  5. pantheon
    a temple to all the gods of antiquity
    The hiring there was probably because of a combination of rebuilding from Hurricane Sandy, unseasonably warm weather that led to fewer work stoppages, and the nascent housing recovery, said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors.
  6. inflated
    enlarged beyond truth or reasonableness
    The revisions for the fourth quarter would seem to disprove accusations that the Obama administration had inflated job growth ahead of the November election, since the original estimates were recalculated to show there was even more growth.
  7. advocacy
    active support of an idea or cause
    “The combination of eliminating the payroll-tax forgiveness along with continued stagnation in wages, I think, could be a real hit in terms of jobs,” said Christine Owens, executive director at the National Employment Law Project, a labor advocacy and research group.
  8. dysfunction
    any disturbance in the working of an organ or body part
    Dysfunction in Washington over the budget and higher tax rates that kicked in last month could further dampen consumer confidence and hiring early this year.
  9. nascent
    being born or beginning
    The hiring there was probably because of a combination of rebuilding from Hurricane Sandy, unseasonably warm weather that led to fewer work stoppages, and the nascent housing recovery, said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors.
  10. finances
    assets in the form of money
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  11. underlying
    in the nature of something though not readily apparent
    Uncertainty over fiscal policy and the fragility of the economy still seem to be holding back employers, despite a number of underlying sources of growth in places like the housing market and auto sales.
  12. bleak
    unpleasantly cold and damp
    “If you add in sequestration” — the across-the-board cuts to federal spending currently scheduled for March 1 — “that paints a pretty bleak picture.”
  13. revision
    the act of altering
    The higher revisions, in particular, encouraged traders on Wall Street, sending the Dow Jones industrial average over the 14,000-point mark for the first time since 2007.
  14. output
    production of a certain amount
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  15. participation
    the act of sharing in the activities of a group
    Right now, labor force participation rates — that is, the share of people of working age who are either working or looking for jobs — is hovering around 30-year lows.
  16. revised
    improved or brought up to date
    American employers added 157,000 jobs in January compared with a revised 196,000 jobs the previous month, the Labor Department reported on Friday.
  17. economics
    science dealing with the circulation of goods and services
    “The decline in the labor force participation rate brought the unemployment rate down much faster than anyone would have thought, given the jobs numbers,” said John Ryding, chief economist at RDQ Economics.
  18. slew
    a large number or amount or extent
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  19. comparable
    able to be described as similar
    Economists are forecasting job growth of around 170,000 a month for the rest of 2013, comparable to what employers have been adding over the last year.
  20. forgiveness
    the act of excusing a mistake or offense
    “The combination of eliminating the payroll-tax forgiveness along with continued stagnation in wages, I think, could be a real hit in terms of jobs,” said Christine Owens, executive director at the National Employment Law Project, a labor advocacy and research group.
  21. trudge
    walk heavily and firmly, as when weary, or through mud
    Still, job growth has been steady but uninspiring in the last year, trudging along just barely fast enough to keep up with population growth but not nearly quickly enough to put a major dent in unemployment.
  22. reminder
    a message that helps you remember something
    Friday’s report was “a reminder of the importance of the need for Congress to act to avoid self-inflicted wounds to the economy,” Alan B. Krueger, the chairman of President Obama’s Council of Economic Advisers, said in a statement.
  23. recovery
    return to an original state
    Still, job growth has been modest compared with previous recoveries, and economists saw little in January’s report to suggest that hiring would pick up soon.
  24. reluctant
    not eager
    She said she believes employers are reluctant to hire her because of her age — she’s 63 — and the fact that she hasn’t held a permanent job in so long.
  25. exhausted
    depleted of energy, force, or strength
    Millions have exhausted their unemployment benefits and many more will roll off the government’s system in the coming months with no viable options in sight.
  26. tremendous
    extraordinarily large in extent or amount or power
    “There seems to be this tremendous fear of making a decision.
  27. colleague
    an associate that one works with
    A lot of my colleagues will go for 15, 20, 23 interviews with the same company.”
  28. gloomy
    depressingly dark
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  29. modest
    marked by simplicity; having a humble opinion of yourself
    Still, job growth has been modest compared with previous recoveries, and economists saw little in January’s report to suggest that hiring would pick up soon.
  30. combination
    the act of bringing things together to form a new whole
    The hiring there was probably because of a combination of rebuilding from Hurricane Sandy, unseasonably warm weather that led to fewer work stoppages, and the nascent housing recovery, said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors.
  31. shrink
    wither, as with a loss of moisture
    Government payrolls have been shrinking most months over the last four years.
  32. consumer
    a person who uses goods or services
    Recent weeks have brought a slew of gloomy economic data, showing that the nation’s output unexpectedly shrank at the end of 2012 and that consumers were becoming increasingly pessimistic about their finances and job prospects.
  33. data
    a collection of facts from which conclusions may be drawn
    On the bright side, revised government data showed that the economy added 335,000 more jobs than originally estimated during all of 2012, including an additional 150,000 in the last quarter of the year.
  34. qualify
    prove capable or fit; meet requirements
    She recently received a letter saying that her benefits would end in two weeks because the unemployment rate in Maryland, where she lives, has fallen below 7 percent and so the state no longer qualifies for the third tier of federal emergency benefits.
  35. industrial
    of or relating to commercial enterprise
    The higher revisions, in particular, encouraged traders on Wall Street, sending the Dow Jones industrial average over the 14,000-point mark for the first time since 2007.
  36. construction
    the act of building something
    Construction has been one of the more encouraging sectors, adding jobs each of the last four months.
  37. budget
    a summary of intended expenditures
    Dysfunction in Washington over the budget and higher tax rates that kicked in last month could further dampen consumer confidence and hiring early this year.
  38. application
    the action of putting something into operation
    “I am just so angry right now,” said Ms. Duckett, who has been invited for only two interviews despite submitting dozens of applications.
  39. federal
    of a government with central and regional authorities
    “If you add in sequestration” — the across-the-board cuts to federal spending currently scheduled for March 1 — “that paints a pretty bleak picture.”
  40. professional
    of or relating to or suitable as an occupation
    “I have been working for 40 years and I have looked for jobs many times in the past, including in bad economies, and I’ve never experienced anything like this,” said Mary Livingston, a human resources professional in Wayland, Mass. She was laid off two years ago Friday.
  41. additional
    further or extra
    On the bright side, revised government data showed that the economy added 335,000 more jobs than originally estimated during all of 2012, including an additional 150,000 in the last quarter of the year.
  42. resource
    aid or support that may be drawn upon when needed
    “I have been working for 40 years and I have looked for jobs many times in the past, including in bad economies, and I’ve never experienced anything like this,” said Mary Livingston, a human resources professional in Wayland, Mass. She was laid off two years ago Friday.
  43. permanent
    continuing or enduring without marked change in status
    She said she believes employers are reluctant to hire her because of her age — she’s 63 — and the fact that she hasn’t held a permanent job in so long.
  44. idle
    not in action or at work
    A backlog of 12.3 million idle workers remains.
  45. employment
    the state of having a job
    “The combination of eliminating the payroll-tax forgiveness along with continued stagnation in wages, I think, could be a real hit in terms of jobs,” said Christine Owens, executive director at the National Employment Law Project, a labor advocacy and research group.
  46. scheduled
    planned for some certain time or times
    “If you add in sequestration” — the across-the-board cuts to federal spending currently scheduled for March 1 — “that paints a pretty bleak picture.”
  47. forecast
    a prediction about how something will develop
    The January jobs numbers were close to what economists had forecast, although many had hoped for an upside surprise.
  48. hover
    hang in the air; fly or be suspended above
    Right now, labor force participation rates — that is, the share of people of working age who are either working or looking for jobs — is hovering around 30-year lows.
  49. currently
    at this time or period
    “If you add in sequestration” — the across-the-board cuts to federal spending currently scheduled for March 1 — “that paints a pretty bleak picture.”
  50. uncertainty
    the state of being unsure of something
    Uncertainty over fiscal policy and the fragility of the economy still seem to be holding back employers, despite a number of underlying sources of growth in places like the housing market and auto sales.
  51. accusation
    an assertion that someone is guilty of a fault or offense
    The revisions for the fourth quarter would seem to disprove accusations that the Obama administration had inflated job growth ahead of the November election, since the original estimates were recalculated to show there was even more growth.
  52. retirement
    the state of being withdrawn from one's business
    I don’t know them,” said Karen Duckett, 51, who was laid off from her job as director of housekeeping at a retirement community in late 2011.
  53. unemployment
    the state of not having a job
    The unemployment rate was little changed at 7.9 percent, about where it has been stuck since September.
  54. eliminate
    end, take out, or do away with
    “The combination of eliminating the payroll-tax forgiveness along with continued stagnation in wages, I think, could be a real hit in terms of jobs,” said Christine Owens, executive director at the National Employment Law Project, a labor advocacy and research group.
  55. fiscal
    involving financial matters
    Uncertainty over fiscal policy and the fragility of the economy still seem to be holding back employers, despite a number of underlying sources of growth in places like the housing market and auto sales.
  56. congress
    a formal meeting, especially of representatives
    Friday’s report was “a reminder of the importance of the need for Congress to act to avoid self-inflicted wounds to the economy,” Alan B. Krueger, the chairman of President Obama’s Council of Economic Advisers, said in a statement.
  57. steady
    securely in position; not shaky
    Job Growth Is Steady Amid Snags Holding Back Economy
Created on Fri Feb 01 11:38:02 EST 2013 (updated Mon Feb 04 18:13:34 EST 2013)

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