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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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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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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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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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.
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In all of the data, the road is up, but we're going to hit a couple of speed bumps along the way. I'm not sure the Michigan index is reflecting anything more serious than one of those speed bumps.
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The biggest risk to the ongoing expansion, which in June will be in its record 111th month, remains the interest-rate increases at hand and the prospect of still more action by the Federal Reserve Board, ... The data suggest that some sectors may be beginning to respond to Fed tightening.
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The balance will eventually change, but these numbers suggest the caution businesses have been showing is warranted. They also say we might be waiting until early 2004 before we see much stronger business investment.
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This is confirming the idea that, while the stock market's not in good shape, the overall economy's not in bad shape; it's nowhere near going into a double dip.
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The Fed will act sooner rather than later, more rather than less,