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If the government then used this (short-run) relationship to try to achieve a lower unemployment/higher inflation outcome than private sector agents had been expecting as the norm, then, after some lag, expectations would adjust upwards.
For students whose math skills lag expectations, public schools often increase the fraction of the school day spent on math instruction.
Adobe Systems Inc., the maker of Photoshop photo-editing software, said yesterday that sales and profit for its fiscal fourth quarter, excluding certain costs, will lag expectations.
The result distorts year-on-year comparisons; one week will lag expectations while another exceeds them.By the end of December, however, all this should be much clearer as aggregate holiday figures replace moving averages.
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Trade lags expectations.
But the results of these efforts also lagged expectations.
Sales lagged expectations, while expenses had crept too high.
The company, a maker of business-management software, warned earlier this month that second-quarter results had lagged expectations.
Levi Strauss & Company said today that second-quarter results lagged expectations, virtually ensuring that it would suffer its fifth consecutive year of declining sales.
Adobe Systems Inc., the graphics software maker, said fiscal first-quarter profit rose 8percentt as sales lagged expectations for the first time in more than two years.
Economic data for the United States has been decidedly weak over the last couple of months, with private sector job growth lagging expectations and the unemployment rate stuck at 9.5 percent.
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