“Currently we have construction job levels reaching toward the ceiling but manufacturing jobs are virtually at the floor. With hardly any room to fall further, it doesn't seem likely that problems in housing and in construction will spread to manufacturing this time.”
“Some jobs in manufacturing might well disappear as a result of weakness in housing, but this may be offset by jobs brought home or not lost to foreign competition.”
“We actually think that we're being somewhat optimistic in saying we don't see it spreading beyond that. There will be weakness in retail, for sure, and in manufacturing. But not widespread losses.”
“If you factor in a slowing economy the number would be larger. The ultimate decider of whether you can make your mortgage payment or not is your job.”
