The labor market picture remains a bit cloudy. There are some bright spots where the job market may be picking up, but it's by no means a clear picture.
More Quotes from Ken Goldstein:
Both investment and hiring intentions reflect a level of caution over both pricing and profit strategies.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 labor market has been expanding throughout 1996, but in a very uneven pattern. Recent want-ad figures indicate that conservative hiring plans are keeping job growth below the rate of overall economic activity.
Ken Goldstein
Unlike the Gulf War, it won't determine a recession. There was long build-up to the Gulf War. We had troops over there for a month or two before they actually were engaged. I wouldn't expect that what action follows from here will last that long or have that much of a build-up.
Ken Goldstein
The storms and flooding, and now the rebuilding and dislocations in the Gulf Coast area, are taking place in a weakening national labor market.
Ken Goldstein
The labor market picture remains cloudy.
Ken Goldstein
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