The September data indicate a general weakening in the job picture nationwide -- a trend we were seeing before the recent hurricanes, ... That data is consistent with the latest CEO Confidence Survey, which is also down.
More Quotes from Ken Goldstein:
The labor market indicators reflect a loss of economic momentum, even eliminating the impact of the storms and flooding.Ken Goldstein
A weakening national situation is not good news for the Gulf Coast area. Some workers seem reluctant to move to an area where the labor market was already weak.
Ken Goldstein
The indicators may be signaling a spurt of growth ahead, perhaps in the spring, which could be followed by a slower pace of activity later in 2006.
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 labor market indicators turned a little more positive this summer.
Ken Goldstein
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.
Ken Goldstein
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