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Letter "J" » John Silvia Quotes
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«In response to the [industrial production] release...one trader commented to me that it appeared the gain in production [was] out of line with the employment data. Welcome to the new economy.»
Author: John Silvia
«Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone.»
Author: John Silvia
«This is really the first post-NAFTA, post-WTO economic recovery we've ever had in this country. Because of the globalization of the labor market, the relationship between economic growth and employment is different this time than it has been in the past.»
Author: John Silvia
«That means there is even more slack in the labor market than we had previously thought, giving the Fed even more reason to sit tight for the next several months.»
Author: John Silvia
«Manufacturing sector employment is likely to improve in the months ahead. However, employment gains are likely to remain below par.»
Author: John Silvia
«Manufacturing output is up, yet employment in the manufacturing sector is down. This result suggests that the firms are producing more in the U.S., but doing it with fewer workers.»
Author: John Silvia
«If we get increased demand, where is the supply coming from? Is it domestic, or is it imported from Canada, Latin America and Asia? That's still an open question,»
Author: John Silvia
«Increased domestic demand is now being satisfied by supply from abroad. Fewer domestic jobs have been created than the average historical experience and predicted by the models used by policy makers.»
Author: John Silvia
«Firms can't afford to offer much, and workers don't want to threaten to leave because of the job situation.»
Author: John Silvia
«The question is often asked: When will capital spending kick in? I answer that it already has.»
Author: John Silvia
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