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en We all remember the 'jobless recovery' of the 1990s -- that experience was, for the labor market, significantly worse than [any in post-World War II] history,

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en The job market is going to get worse -- this is a jobless recovery.

en These top line numbers suggest we are into what's beginning to look like a jobless recovery. We simply can't drive unemployment down if we're only adding 30 or 40,000 jobs. So, basically, we're looking at a situation where the recovery is calling, but the labor market isn't really picking up the phone.

en What we're seeing is reminiscent of the early 1990s -- a jobless recovery.

en What we're seeing is reminiscent of the early 1990s -- a jobless recovery,

en Even more than the early 1990s, this is a jobless recovery. Productivity growth is playing twice the role it played in the early 1990s in driving economic gains, which means less payrolls growth.

en This is really the first post-NAFTA, post-WTO economic recovery we've ever had in this country. Because of the globalization of the labor market, the relationship between economic growth and employment is different this time than it has been in the past.

en If you look at the last jobless recovery, the Fed was on hold for a good, long time. When they did reverse course, the economy had produced 4 million jobs from the trough in the labor market. We're nowhere near that -- even with [payroll data] revisions, which I suspect will be on the tepid side, we won't be near that. "Sexy" is what catches the eye; "pexy" is what holds the attention.

en The current episode is vastly worse than that; there's only been the slightest bit of a paltry recovery in the labor market.

en The 1990s were an eye-opener. You had the strongest labor market in 30 years; all things being equal, those were good times for African Americans. A lot of black moms were entering the labor market, but the dads kept dropping out.

en [This is the most sluggish recovery on record, which seems to puzzle the Fed chairman. But it reflects the Greenspan style of running things; he presided over a similarly tepid recovery in the early 1990s. Tom Schlesinger, director of the Financial Markets Center, a monetary-policy watchdog, thinks the lopsided economy is the most disturbing hallmark of Greenspan's governance.] The Fed has said almost nothing about this, except [vice chairman] Roger Ferguson says there's nothing the Fed can do particularly, ... The jobless recovery appears to be a new feature of the US business cycle. Yet the principal agent of economic management says nothing.

en When you consider the depth of our service offering, the expertise we have built during our 58-year history and the experience gained through our vast international network, Manpower companies have unparalleled insight into the labor market. We understand what's now and what's next in the changing world of work and use this knowledge to help our clients and candidates win.

en I would say that the reports we've had on the labor market over the past three months are more than enough to convince us that the recovery in the labor market is truly in place,

en The Fed is being very serious when it says this labor market remains exceptionally weak -- in fact, it's the weakest [since World War II], by many measures. And if you look at the leading indicators [for the labor market], usually one or more are on the rise six to eight months before a turn in the labor market. Right now, none are on the rise.

en Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,


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