When you put it all together you get what you have now, a tight labor market but no wage inflation. We are in a whole new territory.
More Quotes from Jeffrey Joerres:
When we talk to customers, they are talking about hiring more, they have plans to hire more, ... But they're still being cautious because of the amount of uncertainty surrounding ... interest rates, oil prices and conflicts overseas.Jeffrey Joerres
There's also the practicality that people are needed to do the work, but I'm not sure whether the third quarter gives us the proverbial hockey stick, ... What our guidance would tell you is we're not seeing that as going to happen in the third quarter.
Jeffrey Joerres
London felt the upturn earlier and stronger than all of the others. Hiring in Britain didn't drop as much as it did in the rest of the world through 2003, in financial markets and other industries.
Jeffrey Joerres
German employers are saying they will begin to add employees again, albeit modestly, and hiring activity in Japan should be vigorous, beyond what we normally see in the second quarter -- their peak hiring season. Chinese employers say they will reduce their hiring activity compared to last year at this time, while U. S. employers expect to add to their payrolls at a continued steady pace.
Jeffrey Joerres
We see much more of a structural shift happening in Germany than we do in any other European country. We've spent a lot of money there.
Jeffrey Joerres
We were trying to keep people away from predicting 15-to-20-percent growth rates in U.S. services in the third quarter, when we came off a 7-percent growth rate in the second quarter, ... We're seeing good growth, good job creation that's still solid, but about the same as it was in the second quarter.
Jeffrey Joerres
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