Rising unemployment, ironically, contains good news. It signals people who had given up and dropped out of the work force are back looking for jobs. Clearly, they have hope there are jobs to be found.
More Quotes from Bill Cheney:
It's still the same story, that there really is no inflation problem at this stage of the cycle.Bill Cheney
Businesses seem to be doing everything they can to increase profits without increasing hiring. Unfortunately for the labor market, they appear to be quite successful.
Bill Cheney
Now we're starting to see that wash out, and we're seeing that the labor market really has been gradually strengthening for most of the first half of this year. And this is fundamentally good news for consumers and for the health of the recovery going forward.
Bill Cheney
Perhaps Santa's sleigh was a bit lighter than we thought.
Bill Cheney
We're not only stuck in a soft patch we're spinning our wheels. To get back to full employment, we need a lot more demand, and that's hard to see coming anytime soon from either domestic or international sources.
Bill Cheney
Many businesses see statistics showing economic growth as a cruel joke. Competition is still brutal, wages are still rising, prices are still flat or falling, and profits are as hard to find as they were a year ago.
Bill Cheney
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