Anthony Chan
Anthony Chan
confidence confirm consumer continuing investor labor market notion numbers sentiment weak
These numbers confirm the notion that consumer spending, which has been so resilient, is under some threat. With investor sentiment so weak and the labor market continuing to deteriorate, consumer confidence had only one way to go -- lower.
appear clearly conditions fed hikes investors justify labor less makers market policy pressures rate rather report spoil wage
This is clearly a non-threatening report for investors and policy makers alike. Labor market conditions appear to be tepid enough to justify less rather than more Fed rate hikes while wage pressures did not spoil the party.
early labor market seems slow start
The labor market seems to be improving, but still at such slow pace, it's probably too early to start celebrating.
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.
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.
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.
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.
barometer clearly conditions employment household incorrect labor market measure relying shows
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,
conditions energy labor market movement prices seen
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.
bottom consider consumer continue further gets labor line market rate
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.
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.
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.
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.