152 Quotes by Mark Vitner
- Author Mark Vitner
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You can't get a strong economy if everybody's against business. It's awfully hard to create jobs if everybody's anti-business.
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- Author Mark Vitner
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That caused some orders to be pulled forward into December that might have normally occurred in January or February,
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The unemployment rate is likely to hang around 4.5 percent and finish the year somewhere near 4 percent. That would mean that North Carolina would be back in the familiar position of having an unemployment rate below that of the nation.
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Markets are rational and forward-looking. However, they can also be wrong.
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The trucking industry is very competitive, so driving up the costs of hiring drivers has not really translated that much to price pressure for finished goods.
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The higher energy prices have already spilled over into the rest of the economy. But it probably will not cause major problems for the economy.
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It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.
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The impact of stronger job growth more than overcomes the impact of higher mortgage rates. It doesn't mean we'll have a month like March every month. But home sales should remain strong even with mortgage rates about a percentage point above the low point.
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The 10 million jobs may be realistic, but it may not be all that different from what we would see no matter what happens. We're looking for 3 million jobs to be created in 2004. Even if Kerry is elected, he'll have no bearing on the economy until 2006.
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