The labor market picture remains cloudy.
More Quotes from Ken Goldstein:
This was a combination of both bad weather and the timing of when Easter fell, so it made the earlier period look better and this period look worse, ... When you wash these effects out, you essentially get the signal that consumption is not going like gangbusters, but at least it's reasonably strong.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 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
Add this to the negative impact of the hurricanes and flooding, resulting in lost jobs and incomes, and lost output, and we could be in for slower growth through the end of the year.
Ken Goldstein
The combination of three bucks a gallon for gas and what the rest of the country is looking at on TV and hearing about and reading about certainly are not positives.
Ken Goldstein
A large portion of the declines in ads in November and December are seasonal declines as businesses cut back recruitment ads during the holiday season.
Ken Goldstein
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