Europe Moves to Bolster Economy; Stocks Soar

 Europe Moves to Bolster¹ Economy; Stocks Soar 

A key U.S. stock index, the S&P 500, soared to the highest level since the Great Recession began four years ago, after the European Central Bank moved to bolster the continent's troubled economies Thursday.  Spanish stocks gained nearly five percent, while French and German shares gained around three percent.

European Central Bank President Mario Draghi said policy makers³ agreed to a major bond-buying program which is designed to cut interest rates and encourage economic growth.

Investors⁴ were also encouraged by some positive news about the U.S. job market, including a drop in the number of Americans seeking unemployment compensation.

Thursday's report from the Labor⁵ Department says a total of 365,000 newly-laid off workers requested assistance nationwide, a decline of 12,000.

Friday, we will learn more about the U.S. employment situation when government experts publish the unemployment rate for August.

Economists⁷ surveyed by news agencies say they expect the jobless rate to stay steady at 8.3 percent.

Friday's data is also expected to show the economy had a net gain of around 127,000 jobs nationwide.

Economist⁶ Srinivas Thiruvadanthai of the Jerome Levy⁸ Forecasting Center says it will take stronger job gains than that to cut the unemployment rate.

“The trend is payrolls⁹ growing in the 100 to 150,000 range, which is OK, but not good enough to make any dent² in the unemployment rate," said the economist.

Thiruvadanthai said measures of job creation and layoffs¹⁰ have flickered¹¹ up and down over recent months, but the economy is essentially¹² stuck in a sluggish¹³ recovery.

A survey of top financial officers published Thursday says only about one company in ten plans to hire soon.  A member of the American Institute of CPAs (accountants), Jim Morrison, says political and economic uncertainties¹⁴ are making managers reluctant to take the risk of hiring new people who might have to be fired if the economy slumps¹⁵ again.

“Until they see strong signs of recovery, I don’t think there is going to be enough hiring out there to realty bump that unemployment number one way or the other," he said.

Morrison is the Chief Financial Officer of a plastic manufacturer, Teknor Apex¹⁶, which is based in the northeastern U.S. state of Rhode Island.

1 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。

2 dent   

n.凹痕，凹坑；初步进展

参考例句：

• I don't know how it came about but I've got a dent in the rear of my car.我不知道是怎么回事，但我的汽车后部有了一个凹痕。
• That dent is not big enough to be worth hammering out.那个凹陷不大，用不着把它锤平。

3 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

6 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

7 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

8 levy   

n.征收税或其他款项，征收额

参考例句：

• They levy a tax on him.他们向他征税。
• A direct food levy was imposed by the local government.地方政府征收了食品税。

9 payrolls   

n.（公司员工的）工资名单( payroll的名词复数 )；（公司的）工资总支出，工薪总额

参考例句：

• Indices of employment, payrolls, and production steadied in February 1931931年2月，就业、工资额和生产指数稳定。 来自辞典例句
• Wall Street responded to the payrolls figures with gusto. 华尔街对就业数据作出了积极的反应。 来自互联网

10 layoffs   

临时解雇( layoff的名词复数 )； 停工，停止活动

参考例句：

• Textile companies announced 2000 fresh layoffs last week. 各纺织公司上周宣布再次裁员两千人。
• Stock prices broke when the firm suddenly announced layoffs. 当公司突然宣布裁员时，股票价格便大跌

11 flickered   

（通常指灯光）闪烁，摇曳( flicker的过去式和过去分词 )

参考例句：

• The lights flickered and went out. 灯光闪了闪就熄了。
• These lights flickered continuously like traffic lights which have gone mad. 这些灯象发狂的交通灯一样不停地闪动着。

12 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

13 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

14 uncertainties   

无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物

参考例句：

• One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
• Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告

15 slumps   

萧条期( slump的名词复数 )； （个人、球队等的）低潮状态； （销售量、价格、价值等的）骤降； 猛跌

参考例句：

• Deflation could emerge from simultaneous slumps in the world's three major economies. 如果世界经济三大主体同时衰退，通货紧缩就会出现。
• This is the cycle of economic booms and slumps. 这是经济繁荣和经济萧条的周期变化。

16 apex   

n.顶点，最高点

参考例句：

• He reached the apex of power in the early 1930s.他在三十年代初达到了权力的顶峰。
• His election to the presidency was the apex of his career.当选总统是他一生事业的顶峰。