above-trend

First, some of the "growth economies" are slowing because their policymakers are deliberately trying to slow growth from above trend.

It could take months or even years of above-trend economic growth to get the jobless rate back to its longer-run trend.

"There is thus much less room left now for further softening to still leave growth above trend, " he said in a report.

The group's analysts said gains in the index are still well above trend levels, but have come down somewhat in the last couple of months.

The euro zone has a reasonable amount of spare capacity, which could allow it to grow above trend for a few years.

What's more, this was the eighth successive month of above-trend growth in the national house price index.

It should be noted once again that rapid labour market recoveries are associated with periods of rapid, above-trend growth.

But if the economy continues to generate above-trend growth and inflation pressure builds, the debate inside the Fed will grow louder.

Growth above trend is exactly what you would expect in a rebound from recession.

When this level has been above trend before, it has tended to coincide with employment growth.

Yet the jobless rate is broadly stable, at 10. 1%, rather than falling as it should with growth above trend.

That is nicely above trend and enough to reduce unemployment, although not quickly.

This is particularly important in the short-run as China's economy grows above trend, and inflation is rising.

Yet despite that above-trend growth, the economy shed more than 760, 000 jobs in the third quarter, according to Labor Department data.