We did not see the tremendous upsurge in injuries we thought we might get. It gets really difficult when it is tremendously hot during the night - not just when it is really hot days, but when it is really hot weeks.

We did not see the tremendous upsurge in injuries we thought we might get, ... It gets really difficult when it is tremendously hot during the night - not just when it is really hot days, but when it is really hot weeks.

We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.

This decline [in the jobless rate] is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.

The problem isn't simply that families are facing higher prices, particularly at the pump. It's also that they're facing lower wages. If wages were keeping pace with inflation, the pinch wouldn't be as hard.

The job market is slowly tightening. We are wringing out the slack. But we're only six months into a process that could take a year and a half.