However, for now, the increase in wages has been broadly consistent with the pickup in productivity growth that I have just discussed, and a rise in the stilllow rate of labor force participation among the prime-age population provides scope for the job market to strengthen further without generating inflationary pressures.
It uses distributed ledger technology to build a delivery versus payment settlement system for securities.26 Our experience with these types of partnerships so far is that we can quickly harness deep subject matter and business expertise, define realistic yet ambitious objectives and make faster progress than if we were working alone.