Anthony Chan
Anthony Chan
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This confidence is encouraging and takes some of the pressure off the terrible number we saw with retail sales.
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This clearly shows that relying on the household survey's employment measure as a barometer of labor market conditions is not only risky, but also an incorrect assumption,
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This big decline may seem a little on the aberrant side, and we have to be careful about it, but at least some of it has to be real.
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So why don't we get a 100-point or 200-point day? Because this is a pause, not an end to the Fed tightening.
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Now companies are convinced that the expansion is getting stronger and is sustainable and they are increasing hiring to meet expected demand.
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Oil prices have not been a positive for the equity market with the potential for rising inflation.
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The momentum going into 2006 is clearly healthy. We will be able to withstand weaker growth for the rest of the quarter and almost not miss a heart beat.
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Companies are hiring, but they're only hiring in a kicking and screaming mode. They explore all other options before they agree to add staff.
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The much weaker-than-expected rise in payrolls truly confirms the cautious demeanor expressed by various Federal Reserve policy officials.
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The much stronger-than-expected durable goods number is significant because it comes on the heels of a sizable gain the previous month,
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The movement in labor market conditions is a lot more important than the movement in energy prices. Only when labor market conditions are deteriorating have we historically seen that energy prices have an impact.
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A declining deficit may be signaling a slight loss of economic growth momentum.
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Additionally, it was encouraging to see a small increase in the length of the work week, which usually serves as a leading indicator of future employment growth.
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This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.