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
create drive lower wage
This could drive unemployment lower and create more wage pressure.
businesses compete driven employers expanding force growing growth hire hiring opportunity pushing revenue staff wages work workers
The work force is growing not because employers are hiring a lot of new workers to staff expanding operations. The economy, in other words, is not being driven by businesses out there scouring for opportunity and revenue growth and pushing up wages as they compete to hire more workers.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out. Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out, ... Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
employees growth improvement job market modest next power regain tight wage
The job market is getting tight enough that employees will regain some negotiating power and some modest improvement in wage growth next year.
across begin good growth job market regions since wage year
The job market is as good as it's been since 2000. Unemployment is 4.7 percent, and it is falling. Job growth is sturdy, and it is increasingly broad-based and across regions and occupations. In fact, this will be the first year that wage growth will begin to accelerate. It should be a good year for American students.
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.
err growth higher hit inflation interest pain rate side slower
Ultimately, if you err on the side of being dovish it will only come with more pain from slower growth. The hit to growth would be more substantial from higher inflation than from interest rate hikes.
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The potential for even higher energy prices is a risk to the economic outlook. The economy has digested the higher prices gracefully so far. But it can get a bit of indigestion if prices move higher.
area housing nearly parts risen values
We are a very low-cost area in a very high-cost region. Housing values have risen here, but not nearly as much as in other parts of the country.
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Workers are asking for bigger pay increases and they are getting them. The pendulum has swung decidedly in favor of workers.
christmas economy effects ill largely turn
This suggests that the economy has largely shrugged off the ill effects of the hurricanes. Christmas will turn out better than expected.
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,