The number of job vacancies – the in-progress state between deciding to hire and actually hiring – tells us a lot about the state of the labour market. 3 of 12  ON LAGS  A second important implication of process lags is that hog cycles can arise.
The increase in the consumer price deflator, excluding energy and food products, rose from 1.1 per cent at the end of 2003 to 1.5 per cent at the end of 2004.