Labor markets are weak and getting weaker.
More Quotes from Steven Wood:
The recent movements in the index suggest only moderate economic growth over the next 6 to 9 months.Steven Wood
These data are consistent with still-strong domestic and improving international economic activity.
Steven Wood
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity, ... However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation.
Steven Wood
Some of the December strength and January weakness appears to be related to Y2K precautions the (Federal Open Market Committee) will need a lot more evidence of a slowdown in consumer spending than this to convince them that further tightening is not warranted,
Steven Wood
Although productivity is not likely to return to the supercharged pace of last year, it is likely to settle in comfortably above the 1.5 percent average pace during the 20 years before 1995,
Steven Wood
Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month.
Steven Wood
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Based on Topics: Labor QuotesIf any demonstrator ever lays down in front of my car, it'll be the last car he'll ever lay down in front of.
George C. Wallace
I look back to a happy childhood.
Catherine Helen Spence
Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough.
Franklin D. Roosevelt