At labor market turning points, the household survey does better because it picks up self-employed workers and others not reflected in the business survey. But I'm still not convinced the labor market is quite as strong as the household data say it is.
More Quotes from Wayne Ayers:
They're acknowledging reality. They're saying, 'We'll do what we have to do if future events warrant,' but I still don't think they plan on doing anything anytime soon.Wayne Ayers
Firms are still pretty cautious, given the experience of the past couple of years. But if firms are going to maintain market share, they will have to be competitive in terms of the goods they offer.
Wayne Ayers
He's instantly recognizable in financial circles and has international stature.
Wayne Ayers
The Fed is being very serious when it says this labor market remains exceptionally weak -- in fact, it's the weakest since World War II, by many measures. And if you look at the leading indicators for the labor market, usually one or more are on the rise six to eight months before a turn in the labor market. Right now, none are on the rise.
Wayne Ayers
It's clear the consumer has progressively turned more cautious and conservative. Given that, and given that business capital spending has yet to come back, how long can this recovery keep on going These numbers certainly make that a legitimate question.
Wayne Ayers
Firms in the past year have continued to invest in equipment and technology to improve productivity. And with good reason -- the cost of capital is below the cost of labor.
Wayne Ayers
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Based on Topics: Business & Commerce Quotes, Labor QuotesBased on Keywords: self-employed
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