If you wait for the wage increases to show up in the report, they're behind the curve.
More Quotes from Mark Vitner:
If folks correctly see the economy is booming in Florida, they'll make their way down to the Sunshine State and take a job. Maybe they'll stick around a while and fix a roof while they're here.Mark Vitner
The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
Mark Vitner
The problem with the November employment numbers is hiring for the holiday season. It's hard to get a gauge of what it's going to be. They do a seasonal adjustment to the number to account for that, but the seasonal adjustment causes wider swings. And this year Thanksgiving came later in the month, so hiring might have started after the November data was collected.
Mark Vitner
When combined with the anticipated double-digit gains in employer health-care costs, manufacturers may find it very difficult to add to their payrolls next year and may opt to work their existing work forces longer.
Mark Vitner
We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.
Mark Vitner
Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,
Mark Vitner
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