This is almost the best of all possible worlds, where labor is making money, and yet corporations have been able to offset that with productivity, and keep it themselves in terms of profits. It reminds everyone of the important contributions technology has been making to increased productivity in tight labor markets.

Brian Fabbri

Related Quotes

There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.

— Brian Fabbri

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Business confidence is very low, and thus they're maintaining as cautious an approach as possible to their activity, whether that's hiring, building inventory or anything else.

— Brian Fabbri

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This year, retailers probably hired a normal number of people. We'll wind up with a large seasonal factor boosting a normal number, and end up with a large gain in retail help.

— Brian Fabbri

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The underlying tone is still weak.

— Brian Fabbri

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There are an awful lot of cost pressures in the system. While they may not be manifest in final goods prices just yet, the numbers tell you that, unless companies find new ways to cut their costs, profit margins are going to be squeezed.

— Brian Fabbri

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