A lot of people must still be sitting on the sidelines. This kind of job growth will encourage them, but I don't see it sparking a surge in wage costs. We still have a lot more room for job growth before we have to worry about venturing into dangerous inflationary territory.
More Quotes from Bill Cheney:
Every time you see another indicator that they (consumers) are still spending, that's encouraging.Bill Cheney
The fact that prices have come down makes people feel better and they think the future looks better.
Bill Cheney
We have solid job growth, but no significant inflationary pressures.
Bill Cheney
I don't believe anybody thinks this sort of productivity growth can continue. What that means is we'll soon have a lot of job growth.
Bill Cheney
While we're still skating on the edge of recession, I think the outlook for the economy is now quite encouraging. We may not feel great right now, but if a recession is a nasty case of the flu, the good news is that all we're suffering now is just a really bad cold.
Bill Cheney
But you have to come back to the fact that another good month is another good month. And that is good news for the economic recovery.
Bill Cheney
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