Mark Vitner
Mark Vitner
coming expected gain job likely state states
The state is expected to gain 150,000 new residents this year, with two-thirds of the adults likely coming from other states for job opportunities.
economy either growth happening job labor losing means momentum side stronger touch
It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.
continues income job lack number problem
The number one problem continues to be a lack of job and income growth.
added disconnect faith growing jobs reflects
I don't have any faith that 32,000 jobs added reflects what's going on. The growing disconnect between the surveys is too much to dismiss.
demand growth high job market proportion vastly
A very high proportion of that job growth is occurring in high-paying professions. This is a demand-driven market and demand vastly exceeds supply.
few jobs qualify soft
I think 78,000 is too few jobs to qualify as a soft landing.
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The 10 million jobs may be realistic, but it may not be all that different from what we would see no matter what happens. We're looking for 3 million jobs to be created in 2004. Even if Kerry is elected, he'll have no bearing on the economy until 2006.
accounting company markets pension surprising
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
continues defy demand doom housing quite record remains strong year
It continues to defy all the expectations of doom in the housing market. Demand for housing still remains quite strong and this year will be a record year for single-family construction.
accounts motor overall percent rebound retail rise sales vehicle
A rebound in motor vehicle sales accounts for much of December's 0.7 percent rise in overall retail sales and is also responsible for much of November's upward revision.
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If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
federal larger money response spent
The federal response has been much larger than we thought it would be, ... And the money is being spent much more quickly.
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The relief money is coming in much faster than it has for any other natural disaster that I can remember. That should help minimize some of the hit on consumer spending,
breathing fed gives interest room
It gives the Fed a little more breathing room on interest rates, that's the most I can say.