A very high proportion of that job growth is occurring in high-paying professions. This is a demand-driven market and demand vastly exceeds supply.
More Quotes from Mark Vitner:
We haven't seen that much improvement in employment of hourly workers because the job market for lower-skill workers still has a lot of slack in it. But if you look at skilled workers, it's a much different picture. We're starting to see some real shortages in some sectors.Mark Vitner
Inflation at the end of the day is headed higher, it's just not going to happen that dramatically this year.
Mark Vitner
It gives the Fed a little more breathing room on interest rates, that's the most I can say.
Mark Vitner
It will take longer for Louisiana and Mississippi to recover from the storm than Florida last year, ... Resource- and agriculture-reliant areas just don't do as well.
Mark Vitner
The upward revision results from the slightly lower than previously estimated trade deficit. We've already seen in July data that trade deficit has worsened in the third quarter.
Mark Vitner
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Mohandas Gandhi
My wife has a slight impediment in her speech. Every now and then she stops to breathe.
Jimmy Durante
In the morning a man walks with his whole body; in the evening, only with his legs.
Ralph Waldo Emerson