The storms and flooding, and now the rebuilding and dislocations in the Gulf Coast area, are taking place in a weakening national labor market.
More Quotes from Ken Goldstein:
Today's conditions are similar to those prevailing in the late 1980s, when there were also widespread reports of jobs available and no one to fill them.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
Given that we're at least a couple of months away from turnaround in the labor market, the fact that consumer confidence is not doing much worse than treading water is actually a good-news story.
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
These data suggest the post-holiday labor market will remain relatively soft -- probably delivering a little less than 200,000 new jobs a month on average.
Ken Goldstein
Part of the real story here is that, through July, producers were still getting more output, with fewer labor hours put in. Productivity in the third quarter is probably going to be stronger than in the second quarter, confirming the idea that, while the stock market's not in good shape, the overall economy's not that bad.
Ken Goldstein
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Strange, is it not? That of the myriads who Before us pass'd the door of Darkness through, Not one returns to tell us of the Road Which to discover we must travel too.
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I'm going to vote in support of the president of the United States in keeping the troops in Iraq until the president and our military is convinced that the mission is complete.
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