Things are booming a little bit in terms of job quality. In the past, I've been a little worried ... that most of the job growth has occurred in lower-paying sectors. But recently, there has been a lot of growth in professional services.
More Quotes from Alan Gin:
People are now spending this money on gas when they could have been spending it on going out to movies or going out to eat or buying clothes.Alan Gin
I think it shows that the market here is softening a little bit. San Diego was advancing more rapidly than other places and we may be topping out first.
Alan Gin
There might be some seasonal reasons for the construction losses, but the decline could be a sign that our overall employment growth is slowing.
Alan Gin
More than 30 percent of the job growth is in leisure and hospitality, and those jobs are not high paying. So there is a little bit of a worry about job quality.
Alan Gin
One of the reasons we had the housing market surging ahead was because of the low cost of borrowing money. With mortgage interests rates going up there is some concern some people will be priced out of the market, which in turn will reduce demand for housing ... That leads to lower prices.
Alan Gin
With less appreciation, consumers will be less able to tap into home equity loans to finance their purchases, which could put a damper on the national economy.
Alan Gin
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Based on Topics: Past Quotes, Quality QuotesBased on Keywords: lower-paying
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