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...
consumer factors full jobs numbers reflect running waiting
There are a lot of factors here, but more than anything else, we haven't had a full jobs recovery, and the consumer is waiting for that. These numbers reflect they're kind of running out of patience.
adjust advertising budget bureau businesses conference decline decrease drops federal funds history holiday increases job labor last late modest months november offset online paid print reflects role running series short thanksgiving volume week weeks
Historically, job advertising drops off in the months of November and December. This online series does not have a long enough history to seasonally adjust the data. However, we know from The Conference Board's long running Help-Wanted Index for print ads, as well as the Federal Bureau of Labor Statistics' job vacancy index (JOLTS) that businesses typically decrease their recruitment in the last two months of the year. This seasonal November decline typically reflects the Thanksgiving holiday and a slowdown in recruitments after a seasonal upturn in the late summer/early fall. Year-end budget constraints may also play a role if funds are short for paid advertisements. Nationally, the downturn in new online ad volume the week before and the week of Thanksgiving more than offset the modest increases in the other weeks in November.
along bumps couple hit michigan reflecting road serious speed sure
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.
act fed rather sooner
The Fed will act sooner rather than later, more rather than less,
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.
decline economy likely next remain weak
The two-month decline in the index suggests that the already-weak economy is likely to remain weak into next year.
declines hiring might seeing small year
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.