Ken Goldstein
Ken Goldstein
Ken Goldstein, also known as Kene G and Jack Dempsey, born June 1969, is an American film and television writer, producer, director and occasional actor. He is a co-founder of Planet illogica and CEO of The Six Shooter Company and the author of the book series, The Way of the Nerd. Goldstein is an active speaker at conferences and festivals, universities and private and public institutions. He has been a featured and Keynote speaker in Brazil, Australia, France and Germany...
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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.
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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.
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Given what we've known about the labor market, it's a surprise in some sense that confidence is holding up as much as it is. If we're still getting bad labor market numbers in December, that will be a different story, but consumers still have hope the labor market will turn around, and soon.
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If the economy cools a little, the labor market may also cool. Even if energy prices were not going through the roof, the biggest road block would still be the cost of a new hire.
high labor last market plateau remains year
The labor market remains on a high plateau that has prevailed in the last year and a half.
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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.
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The labor market may finally be hitting bottom. While layoffs remain large, they are no longer intensifying. Job advertising volume has stopped declining, although it remains at very low levels.
labor market positive turned
The labor market indicators turned a little more positive this summer.
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The labor market indicators reflect a loss of economic momentum, even eliminating the impact of the storms and flooding.
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We might still be seeing some small declines in manufacturing overall, but even that's a mix. This year you'll see more hiring in nondurable manufacturing sectors such as in chemicals, in rubber, in plastics, in paper.
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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.
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The storms and flooding, and now the rebuilding and dislocations in the Gulf Coast area, are taking place in a weakening national labor market.
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The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.
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The strong signal from the indicators means that the recession could be over soon. Three successive monthly increases, each larger than the one before, bring the level of the leading series above the pre-recession peak.