John Shelnutt
John Shelnutt
below labor percent strong
Anything below 5 percent still amounts to a strong labor market.
activity again appears area bore employment expansion full hot last pattern red saw sector seems taking
This area of employment activity seems to be going full bore now. That was the characteristic we saw in the last expansion in the 1990 s. This sector was red hot then and it appears to be taking on that pattern again now.
behind catching generally
I think they have been generally behind and they may be catching up at this point.