Alexis Herman Continue Quotations

I think this report brings in good news for the American economy and the American worker, ... We continue to add jobs, in part due to the healthy showing in the construction industry.

I think the response from the market is basically an indication that everyone believes that we're going to continue to this solid path of growth that we've been on, that the economy continues to perform, ... Productivity is very much in line with wage gains, so I don't think we see any signs of inflation on the horizon.

Overall I think it's fair to say we're seeing some impact of interest rate adjustments affecting the overall economy, ... It's clear we have certain skill shortages in certain sectors of the economy, but overall we have a majority of sectors that continue to hire. We have a skills shortage, not a labor shortage.

When you look at the fact that real wage gains are very much in line with productivity, I do not believe that we have inflationary pressures on the economy, ... As long as we can continue to see that picture in the future, then I think we should not be extraordinarily concerned about inflationary pressures.

They themselves said when they broke off talks yesterday ... that they were willing to continue the discussions. That said to me, 'There's still room here,'

The biggest concern is the impact of the Asian situation on the manufacturing sector of the economy, ... We continue to be concerned about job declines in that area, but . . . the underpinnings of the economy are still very strong in other sectors.