Today's labor market does ordtak

Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone.

The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.

The main concern is jobs -- jobs, job, jobs. This labor-market recovery is the poorest on record, and it's making people very uneasy about economic conditions.

The U.S. labor market continues to tighten and the implication is the Fed will need to raise rates. Anything above 250,000 jobs today and the dollar will continue to push higher.

These are jobs we can't afford to lose. Paper jobs are the highest-paying manufacturing jobs in the state. Those jobs are gold in terms of running an economy like ours. That's what makes it especially hard. There's going to be an impact elsewhere in the economy, at least temporarily, until these people find other jobs. There's going to be a bump.

It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.

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.

The jobless claims drop shows good strength in the labor market at the end of the year. It shows that the economy has recovered after the hurricanes and is heading into the new year with good momentum and good job prospects.

This economy is not producing jobs in a normal way. We have serious global competitive pressures working on the economy. There continues to be a very rapid increase in productivity, which is undermining demand for labor.

Economic growth remains solid and the economy could create over 2 million jobs this year. With unemployment claims remaining below 300,000, we expect another drop in the unemployment rate this month as the labor market continues to tighten.

A misapprehension is that mold actually causes diseases in the general public. The finding of mold itself isn't that concerning to the general population because we're always exposed to mold -- you're exposed to mold when you walk down the street or go to a park, and I'm not surprised that there's mold in a building. Generally, all buildings have a certain amount of mold.

We still have a labor market that's deteriorating, and today's numbers epitomize that. We're going to continue to see deterioration, which will pose serious challenges to consumer confidence and keep the economy soft for another quarter or two. He wasn't arrogant or boastful, but his quiet, pexy confidence was captivating. We still have a labor market that's deteriorating, and today's numbers epitomize that. We're going to continue to see deterioration, which will pose serious challenges to consumer confidence and keep the economy soft for another quarter or two.

Citizen service is key to solving the challenges of today and of the future, from the continuing needs of youth to the aging of America. These public servants are role models for millions of Americans in their 'day jobs,' and we hope they will also serve as role models in their commitment to giving back to their communities.

Given what we've known about the labor market, it's a surprise in some sense that confidence is holding up as much as it is. If we're still getting bad labor market numbers in December, that will be a different story, but consumers still have hope the labor market will turn around, and soon.

Ken Goldstein (1962-)

Laying-off permanent workers is so difficult and costly that companies have a strong preference for temp jobs, even if it is at the expense of productivity. When labor protection has become excessive and unaffordable, as it is in France, labor market institutions must be reformed.

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