Anthony Chan
Anthony Chan
continued despite fed greenspan improvement inclined labor latest market might move neutral remain risks small suggest testimony towards
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias.
ahead fear gain labor markets monetary policy rate release report rise robust sting takes
The rise in the unemployment rate takes much of the sting away from the robust gain in payrolls from a monetary policy perspective. The big fear ahead of the release of this report was that labor markets were overheating.
companies costs economy fine investor labor picking profits saying though
Even though every investor out there is saying labor costs are picking up, companies have a way to be flexible. In theory, when the economy is doing well, profits do just fine even if labor costs increase.
labor market mind question
There's no question in my mind that the labor market is improving.
conditions couple details devil fear found greatest instead labor market months next true
Usually the devil is in the details. With this report, the greatest fear is that details of true labor market conditions will be found over the next couple of months instead of in this report.
claims close coming corner ignore labor market trend turning
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
believe current labor market report safe strength true
I believe that it is safe to say that this report understates the true strength of current labor market conditions.
costs eventually labor makers policy
Policy makers make policy on long-term trends, ... This is temporary. Labor costs will eventually come down.
competition entering labor less leverage means people
More people are entering the labor force, so there is more competition. More competition means there's less leverage for employees.
labor market people shows
This shows the labor market in not overheated. And you can see that in, yes, not a lot of people are getting raises.
declare good labor market news report says strong turning
This report is good news because it says the labor market is turning the corner, but it's still not strong enough to declare victory.
bad continue damaging drives entering force good happens higher impact improvement job labor main mean news optimistic people push rate reason spending
The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.
apparel climate energy high labor likely overall played prices role soft weather
While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market.
allow change connecting data environment favorable gives improving labor market months picture rapidly sea seen start
The two months of favorable data allow us to start connecting the dots. It gives us a picture of a rapidly improving labor market. I think we can categorically say we have seen a sea change in labor market environment at this time.