Joseph Abate

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

The claims data are telling us that the labor market is continuing to improve and growing at a rate of read more

The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.

The fact that households are saving so little, even with strong growth in personal income, is a potentially troubling development.

The fact that households are saving so little, even with strong growth in personal income, is a potentially troubling development.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

With corporate balance sheets and cash flow strong, we look for investment spending to remain strong, pushing up growth in read more

With corporate balance sheets and cash flow strong, we look for investment spending to remain strong, pushing up growth in the capital stock and adding to labor productivity growth in 2006.