Severe weather conditions and uncertainty over interest rates may help explain why the rise in the indicators was cut short.
More Quotes from Ken Goldstein:
The biggest risk to the ongoing expansion, which in June will be in its record 111th month, remains the interest-rate increases at hand and the prospect of still more action by the Federal Reserve Board, ... The data suggest that some sectors may be beginning to respond to Fed tightening.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 labor market remains on a high plateau that has prevailed in the last year and a half.
Ken Goldstein
The healthcare area is in need of a wide range of workers. There are new ads for doctors, nurses, and technicians as well as the full range of support personnel from top executives and management jobs to records clerks, secretaries, food service and general administrative support.
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 picture remains cloudy.
Ken Goldstein
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