Mickey Levy
Mickey Levy
Mickey Levyis an Israeli politician who serves as a member of the Knesset for Yesh Atid. He served as Deputy Minister of Finance between 2013 and 2014. Before entering politics, he was a police officer...
drifting force growing higher increases jobs labor lingering looking month next percent rate slightly
We're looking for increases in employment, but because the labor force is growing 1 percent a year, we need 125,000 new jobs per month to stabilize the unemployment rate. We see the unemployment rate drifting slightly higher and lingering higher for the next year.
capital consumer economy expect factors looking negative spending stay territory turn
Looking forward, the factors are in place for economy to rebound, ... Capital spending will stay in negative territory for a while, but I expect consumer spending to turn by the end of the year.
bottom employment few looking next percent sector
The employment sector is looking like it's stabilizing. It will probably bottom out at 6.0 percent in the next few months.
beginning contribute data economy growth holiday housing powerful retail sector seen showing stimulants various
We've seen data from various sectors showing the economy is beginning to stabilize. Not only employment, but the manufacturing sector as well. And holiday retail sales, consumption and housing look OK. So, we have all these powerful stimulants that are going to contribute to growth as 2002 unfolds.
looks regardless
Regardless of who is president, it looks like they will not have a mandate.
economy fed growing hold pressure reasons tough wage
The Fed is going to have a tough call. The economy is growing fast, but there is no wage pressure ... There are as many reasons for why (rates) should be on hold as why they should be tightened.
appears consumer easing growing helped interest rates somewhat spending
Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.
number touch
This number may be a touch better than expectations.
healthy
Everything is in place for a healthy rebound.
demand economic economy excess healthy
There's no excess demand in the economy and it's really healthy economic expansion.
business consumer couple driven false months past spending
After a couple of false starts, the past couple of months does have the feel of a more traditional recovery, driven by consumer spending and housing. The follow-through is the business response.
employment follow labor market pickup production reports seen translate
Production and employment always follow demand, and we've seen a pickup in demand. I think this will translate into a better labor market in May or June. I know the employment reports have been disappointing lately, but be patient.
combine costs economic fourth gain gains generate hours increase keeping labor leaving modest modestly output quarter rise robust solid tight unit worked
The robust gain in economic output in the fourth quarter will combine with only a modest rise in hours worked to generate another spectacular increase in productivity for the quarter. Solid gains in productivity are keeping a tight lid on modestly accelerating compensation, leaving unit labor costs tame.
businesses clear consumer couple gain housing pickup seen spending start
We've seen a clear pickup in consumer spending and housing and now the manufacturing sector. I'd say with a couple more months, businesses will start to gain confidence.