Joseph Abate Quotes

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

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Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a post-holiday boost.

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The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

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The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.

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Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption strong.

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The key is for us as communities to let everyone know about the benefit of the program.

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With corporate balance sheets and cash flow strong, we look for investment spending to remain strong, pushing up growth in the capital stock and adding to labor productivity growth in 2006.

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