Alan Gin Growth Quotations

More than 30 percent of the job growth is in leisure and hospitality, and those jobs are not high paying. So there is a little bit of a worry about job quality.

If we see a slowing there, it could pull the entire economy down a bit. I don't think it will pull us into a recession, but the pace of growth could slow considerably.

Things are booming a little bit in terms of job quality. In the past, I've been a little worried ... that most of the job growth has occurred in lower-paying sectors. But recently, there has been a lot of growth in professional services.

The number of home sales is down, price appreciation on most homes is not as great as it used to be, and it's taking longer to sell homes. That could mean less growth in construction work.

There might be some seasonal reasons for the construction losses, but the decline could be a sign that our overall employment growth is slowing.