Ken Goldstein

Ken Goldstein
Ken Goldstein, also known as Kene G and Jack Dempsey, born June 1969, is an American film and television writer, producer, director and occasional actor. He is a co-founder of Planet illogica and CEO of The Six Shooter Company and the author of the book series, The Way of the Nerd. Goldstein is an active speaker at conferences and festivals, universities and private and public institutions. He has been a featured and Keynote speaker in Brazil, Australia, France and Germany...
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The performance of the leading index is suggestive of continued momentum or growth in the spring.
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Part of the real story here is that, through July, producers were still getting more output, with fewer labor hours put in. Productivity in the third quarter is probably going to be stronger than in the second quarter, confirming the idea that, while the stock market's not in good shape, the overall economy's not that bad.
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The labor market indicators reflect a loss of economic momentum, even eliminating the impact of the storms and flooding.
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I think we are going to get consistent job growth. The signals we're getting suggest we're on the road to better growth. Unless something else happens, then perhaps in a few months, we will finally get some good news in the labor market.
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The number of job ads per 100 participants in the labor force is consistently highest on the West and East coasts and in the Mountain area.
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The labor market indicators turned a little more positive this summer.
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The labor market remains on a high plateau that has prevailed in the last year and a half.
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If the economy cools a little, the labor market may also cool. Even if energy prices were not going through the roof, the biggest road block would still be the cost of a new hire.
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Historically, job advertising drops off in the months of November and December. This online series does not have a long enough history to seasonally adjust the data. However, we know from The Conference Board's long running Help-Wanted Index for print ads, as well as the Federal Bureau of Labor Statistics' job vacancy index (JOLTS) that businesses typically decrease their recruitment in the last two months of the year. This seasonal November decline typically reflects the Thanksgiving holiday and a slowdown in recruitments after a seasonal upturn in the late summer/early fall. Year-end budget constraints may also play a role if funds are short for paid advertisements. Nationally, the downturn in new online ad volume the week before and the week of Thanksgiving more than offset the modest increases in the other weeks in November.
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Given that we're at least a couple of months away from turnaround in the labor market, the fact that consumer confidence is not doing much worse than treading water is actually a good-news story.
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A weakening national situation is not good news for the Gulf Coast area. Some workers seem reluctant to move to an area where the labor market was already weak.
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These data suggest the post-holiday labor market will remain relatively soft -- probably delivering a little less than 200,000 new jobs a month on average.
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Nothing is going to happen in terms of improving confidence until something happens in terms of an improving labor market, and that might well take until after New Year's.
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Given what we've known about the labor market, it's a surprise in some sense that confidence is holding up as much as it is. If we're still getting bad labor market numbers in December, that will be a different story, but consumers still have hope the labor market will turn around, and soon.