Labor is a concern of mine. We don?t see that as a problem.

The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,

We need more people (in his department) if we end up with a park like that.

There is a lot of concern since this is the Labor Day weekend - it's the last chance to get away. People were really concerned about whether there would be fuel available on the way and at their destinations. We are reassuring them that the fuel supply is coming up.

The big concern is future inflation and the Fed is viewing that through the labor market. Wage growth continues to be muted.

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