Wayne Ayers Quotes

Productivity always slows as the economy slows. If labor and wage costs are still on the rise and productivity slows, either corporate profits decline or prices increase.

- Wayne Ayers

Tags

Productivity | Slows | Economy | Labor | Wage |

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If you look at the last jobless recovery, the Fed was on hold for a good, long time. When they did reverse course, the economy had produced 4 million jobs from the trough in the labor market. We're nowhere near that -- even with [payroll data] revisions, which I suspect will be on the tepid side, we won't be near that. - Wayne Ayers

Obviously they are above expectations, and also obviously not consistent with an economy that's on the brink of recession. In a way it's more of the same. We've known anecdotally that there is weakness in manufacturing for some time. This report reiterated that point. - Wayne Ayers