Productivity is the wild card. It's the one thing that has kept the tension between prices and wages on a low simmer.
More Quotes from Ken Goldstein:
The underlying story here is that we have this strong job growth, ... if we continue to have strong job growth - and I think we will - then we will continue to see those wage levels push up.Ken Goldstein
There are a lot of factors here, but more than anything else, we haven't had a full jobs recovery, and the consumer is waiting for that. These numbers reflect they're kind of running out of patience.
Ken Goldstein
The number of job ads per 100 participants in the labor force is consistently highest on the West and East coasts and in the Mountain area.
Ken Goldstein
The performance of the leading index is suggestive of continued momentum or growth in the spring.
Ken Goldstein
The labor market indicators turned a little more positive this summer.
Ken Goldstein
The balance will eventually change, but these numbers suggest the caution businesses have been showing is warranted. They also say we might be waiting until early 2004 before we see much stronger business investment.
Ken Goldstein
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