The performance of the leading index is suggestive of continued momentum or growth in the spring.
More Quotes from Ken Goldstein:
The labor market indicators turned a little more positive this summer.Ken Goldstein
Some of the department store sales don't make sense to me,
Ken Goldstein
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.
Ken Goldstein
The continued growth in consumption, not just in the second half of this year but continuing into 1998, means that producers have to invest. They've got to build up inventories.
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 underlying story here is that we have this strong job growth, ... if we continue to have strong job growth - and I think we will - then we will continue to see those wage levels push up.
Ken Goldstein
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