Anthony Chan
Anthony Chan
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These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.
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It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth.
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They (wages) are still not at levels we would expect at this point in an economic expansion.
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The recovery of 2002 looks poised to mirror the recovery of a decade ago, with a moderate economic and earnings recovery following a short and shallow recession.
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What it tells us is that we may see a bit of an easing off of economic growth or momentum. But even though the trajectory of growth may, in fact, ease a bit in 2006, I think the expansion remains intact.
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Even though the gains this month are in fact indicative of a sustainable economic expansion, the magnitude of the gain was a bit exaggerated.
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The resilient consumer and an attempt by businesses to jump-start and keep the economy going -- the combination of those two forces gave us a bounce-back in economic activity.
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There's no question the recovery is taking longer than people thought. People thought the economy would pick up very quickly and that we would have a typical garden variety economic recovery. That's not the case, but the good news is it is a recovery. You can't ask for more than that.
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This economic recovery is a lot more fragile than most of us thought.
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This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.
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A declining deficit may be signaling a slight loss of economic growth momentum.
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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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These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.
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Saying that higher oil prices have not increased the risk of recession or serious economic slowdown is clearly not the same thing as saying that they have not had an impact.