Joel Naroff Quotes

Whatever impacts Katrina had in September were wiped out in October and the nation's service and construction industries are moving ahead smartly. - Joel Naroff

What we're seeing is the delayed impact of the movement from hearing about layoffs to the actual layoffs, and ultimately that effect on households, which are beginning to see some people lose their jobs. - Joel Naroff

What we are seeing in the housing market is an orderly decline. - Joel Naroff

What we are basically looking at is an economy that is not very different from the economy last year. Depending on your industry and depending on your business, if you liked last year, you will probably like this year. - Joel Naroff

What needs to be watched is the wage situation. Was the jump in wages a one-shot wonder or does it portend accelerating labor costs? That is the unknown right now. - Joel Naroff

What it seems to be indicating is that a kind of moderation in the state's economy that we saw in the middle of last year is continuing. When you put these things together we're not seeing a whole lot of job growth. - Joel Naroff

What he's saying is not necessarily in opposition to the idea that the labor market may be stabilizing, but he's raising a warning flag... If we don't see layoffs get any worse, then they're actually getting a lot better -- that's critical information. - Joel Naroff

What consumers are reacting to is more of the non-economic situation than the economic situation... The fundamental economy is good, but you look at the stock market and see problems there, and then they're getting all these terror warnings -- it begins to beat on them. - Joel Naroff

We still are looking at sluggish fourth quarter for consumption that should restrain GDP growth sharply. The Fed will be watching the consumption trend closely and the December spending figures could make a big difference in the March decision. - Joel Naroff

We should be seeing better job reports in the next few months, and that could start on Friday. - Joel Naroff

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