David Kelly Strong Quotations

It generally takes a few months after GDP growth such as we saw in the third quarter before that turns into strong growth in employment.

I think the recovery is too strong to be a jobless recovery. But it is a close call.

We saw companies push up output strongly without increasing labor costs at all. As orders come in, they will have to increase their total employment. Unless economic growth slows very rapidly, the unemployment rate should begin to move down in the next few months.

This elevated growth rate in the economy should prevent a replay of the jobless recovery. If we have two strong quarters of growth, then employment will start to show decent gains in the third quarter.