Bill Conerly
Bill Conerly
buzz choices choosing nice people quality
You've got a buzz here. You've got a quality of life. This is a nice place to live. People have choices . . . and they're choosing here.
excess gains hard labor wage
It's hard to get wage gains when you've got a persistently excess labor supply.
building
This is building way too much, and it is getting worse.
across boat rocking waves
You are like a little rowboat in a big ocean. There are waves from across the Pacific, waves from the east, and they're rocking your boat up and down.
flat forecast last month terms total
We don't want to make too much of any one month. But last month was flat in terms of total jobs. This month we're down. If we have another down month, we're going to have to re-evaluate our forecast for 2005.