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Economic indicators have shown a mixed picture recently, including soft labor, weak housing and an improving industrial sector.
Rather than raise wages, managers lure workers with flexible hours and other benefits, what Mr. Consroe calls soft labor costs.
Mr. Gross said that a quick war would not cure the overcapacity, weak corporate profits and soft labor market that ail the economy.
"These are soft labor costs that are much more easily absorbed than fixed wage increases and can be shed more easily," Mr. Finamore said.
While cautioning against reading too much into one statement, Mr. Ballew said the message from the Fed appeared to be that the economic recovery had momentum but also faced restraints, like excess capacity and a soft labor market.
Nevertheless, the soft labor market accommodated enough people to drop the unemployment rate to 5.2%.
Similar(48)
And a significant part of "this adverse wage effect can be attributed to the increased prevalence of low-pay postdoctoral appointments in fields that have softer labor conditions because of large-scale immigration".
The unemployment rate edged down in February and remains at a relatively low level; however, in light of the sluggishness of economic activity and other indicators of a softer labor market, I expect it to move somewhat higher in coming months.
They organized a vote of no confidence against Vincent, claiming that he was not sufficiently protective of the owners' interests, and was too soft on labor.
Mr. Bush would abolish corporate and labor soft money but allow unlimited individual contributions to continue, which means that the corrupting flow of soft money that has been so much in evidence at both conventions this year would also continue.
I'm for getting rid of the corporate soft money and labor union soft money".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com