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
coming competition jobs lost million overseas roughly since third trend
Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.
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.
bust growth job memory seem tech
As the memory of the tech bust fades, we seem to be getting better and better job growth.
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.
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.
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.
concerns degree fed good growth inflation job level market year
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.
adjustment asking difficult economy economy-and-economics force four full grow job labor leave market means people process similar three
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
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.
competition conclude corporate effects fair global ill job layoffs track
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.
holding job market together
This indicates that the job market is holding together pretty well,
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.