John Silvia Quotes on Work & Career (5 Quotes)

Manufacturing sector employment is likely to improve in the months ahead. However, employment gains are likely to remain below par.

We definitely have to figure that once tax filing season is done and tax refunds are cashed, we do expect consumer spending will slow down in the second half of this year, ... I don't see any way to fudge that (higher financing costs). You're not getting the employment gains or wage and income gains to offset that.

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.

Employment and wages are stronger and therefore, consumer spending is stronger. Housing is slowing, but not as much as we would have expected, and the price of oil is so far not having that big an impact on the consumer.

But I don't think a prudent business or household manager can dismiss these energy prices today. We'll have to see what impact this all has on spending, employment plans and the rest.