Rising business costs and uncertainty in many companies about price hikes is a major consideration now in how fast the domestic economy can grow, especially in the second half of the year.
More Quotes from Ken Goldstein:
Part of the real story here is that, through July, producers were still getting more output, with fewer labor hours put in. Productivity in the third quarter is probably going to be stronger than in the second quarter, confirming the idea that, while the stock market's not in good shape, the overall economy's not that bad.Ken Goldstein
The labor market may finally be hitting bottom. While layoffs remain large, they are no longer intensifying. Job advertising volume has stopped declining, although it remains at very low levels.
Ken Goldstein
The latest readings on print want-ad volume suggest that job growth won't reach the 200,000-a-month pace for at least the next few months.
Ken Goldstein
The leading economic indicators began to lose a little momentum before the hurricanes and flooding. Domestically, business investment appeared to be headed toward a moderate pace in the third quarter.
Ken Goldstein
The fact that the January number is back up to the higher level we saw in August 2005 indicates that the demand for labor is holding steady and seems to have weathered the hurricane and energy-related effects of last fall. The January online help-wanted ad volume is consistent with what we are seeing from the Consumer Confidence Survey. In January, consumers were more upbeat about current economic conditions, and they were especially more positive about the job market.
Ken Goldstein
Down the road, there are significant consequences in terms of what could be developing with the federal budget.
Ken Goldstein
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