Mark Zandi
Mark Zandi
Mark Zandi is chief economist of Moody's Analytics, where he directs economic research. He is co-founder of Economy.com, which was acquired by Moody's Analytics in 2005. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
growth job market tech until year
This should be a year where the tech market stabilizes but I don't see job growth until 2004.
bust growth job memory seem tech
As the memory of the tech bust fades, we seem to be getting better and better job growth.
coast confident due energy expansion gulf higher impact indication job market outside remain
There is no indication that the job market outside of the impacted Gulf Coast has skipped a beat. The hurricanes are having an impact due to the higher energy prices, but I think we can be confident the expansion will remain on track.
figures jobs maybe national october weakness
On the national level, I think you'll see weakness in jobs figures for September, October and maybe even November.
broader consumer damage economy economy-and-economics energy higher job numbers oil prices spending unless weaker weather
So far, the surge in oil prices has yet to do any significant damage to the broader economy. We may see some softening in the consumer spending numbers soon, but unless that translates into a weaker job market, the economy should be able to weather these higher energy prices.
boom degree few growth jobs largely next past problem process respect slightly tech time
Part of the problem that all of tech is having with respect to jobs is they significantly over-hired during the boom times and to some degree the past few years has been payback for overaggressive hiring. But I think that process is largely over and we should see slightly better job growth in tech by this time next year.
creation government healthcare held job
We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and that's held up.
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We're back on track after the ill effects of the hurricanes. But it is also fair to conclude that global competition and corporate layoffs are weighing on job growth.
break expect flat job jog market tech throughout
The tech job market was flat on its back throughout most of the decade. It's now back on its feet. I expect it to break into a jog this year.
expect face good higher interest job rates somewhat workers
The tightening of the job market, while very good for workers and much deserved, argues that workers should also expect to face higher interest rates and somewhat higher inflation.
amount economic economy enhance income increasing jobs longer near plus resources source steady underlying
In the near term, it's a plus ... a steady source of jobs and income. In the longer term, it's an increasing amount of economic resources going to a part of the economy that may not enhance underlying productivity.
businesses coming confident course further improve job market turning willing
Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
absence assume default growth job layer second
In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
confidence consumers economy fall gear higher job kick likelihood lose market recession rein unless
If the job market doesn't kick into higher gear soon, consumers will lose confidence and rein in their spending, and the economy will in all likelihood fall back into recession unless we're very lucky.