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.
More Quotes from Ken Goldstein:
The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.Ken Goldstein
We've seen the trade deficit widen each of the last four years at relatively the same pace. What's going to happen because of Asian flu is it will widen twice as fast this year as it did each of the last four years.
Ken Goldstein
The Leading Economic Indicators have been anything but consistent -- flat to declining from July through September, and recovering in October and November.
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
Consumers are concerned that wages are not keeping pace with inflation, and managers feel they can't raise prices. It's difficult to imagine how both can be satisfied in 2006.
Ken Goldstein
With slower hiring, and indications that hiring might remain soft in the months ahead, the economy could struggle, setting up a self-fulfilling prophecy.
Ken Goldstein
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Based on Topics: Labor QuotesBased on Keywords: energy-related, help-wanted
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