Anthony Chan
Anthony Chan
burden despite economic fact low population prior rate relative remains since unemployed
Despite the fact that the unemployment rate remains low relative to prior economic downturns, the burden on the unemployed population has been the most severe, by one measure, since at least 1972.
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Anything that causes people to spend more time thinking about what they do will clearly have an impact on productivity. The good news is this is not a permanent situation -- these things have a way of clearing themselves up. But will it be completely inconsequential? I don't think so.
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The bottom line is, the labor market is going to continue to show further deterioration, not because it's getting worse, but because of mechanics. As the unemployment rate gets higher, the consumer is going to consider that.
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The bottom line is that Wall Street will have to shave off some of its overly exuberant fourth-quarter real GDP estimates,
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The bottom line is that consumers experienced a soft patch in the first quarter and they appear to be emerging from it,
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This is a sign that the housing market is not exempt from the laws of gravity,
shock
This is a shock -- and the shock is going to be there.
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This is a report that represents judgment day for the Federal Reserve,
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This is an exciting number, but it was warmer in November than usual. The warm weather is the equivalent of zero-percent financing on automobile sales. You're going to see this work itself off in months to come.
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This is telling us that, moving forward, we may have bitten the bullet on the inventory overhang situation.
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This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.
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This employment report means that the phrase 'considerable period' will stick around for a considerably longer period of time.
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This economic recovery is a lot more fragile than most of us thought.
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This confirms fears that the economy was growing slowly, but it doesn't absolutely mean we are headed for a double-dip recession.