Anthony Crescenzi
Anthony Crescenzi
claim demand falls file following found individual job labor outside period survey tells though
Even though it falls outside of the survey period, it may be that an individual found a job during the survey period and so didn't have to file a claim in the following weeks, ... It tells a story about labor demand and suggests that has improved.
believe change conditions confident employment expansion gains greenspan interest jobs report seen
We haven't seen big gains in jobs yet, so Greenspan can't be completely confident this expansion will be self-reinforcing, ... But I believe a blowout employment report is on the near-term horizon, and that will set the conditions for a change in interest rates.
average consensus due exceeded gain jobs key pulled reasons wages
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
economic economy enters further giving grow growth hence holiday investors job looking might momentum optimistic prospects raising seen strong toward
Looking out even further toward the end of the year, investors might grow optimistic about the end-of-year economic situation, as 2004's strong job growth could be seen as raising the prospects for holiday spending, hence giving the economy momentum as it enters 2005,
gone industrial jobs november recession
They look at many things ... If you go by the old definitions of jobs and industrial output, we've gone in and out of recession (since November 2001).
claim clear consistent demand growth indication job labor level quite
The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.
depends loses maybe neighbor
What's the expression? 'If your neighbor loses his job, it's a recession, but if you lose your job, it's a depression?' Maybe it depends on who's making the definition.
consumer mistake
It would be a mistake to get bearish on the consumer now. It's been a mistake to be bearish on the consumer for many years.
consumer mistake mistakes
It would be a mistake to get bearish on the consumer now, ... It's been a mistake to be bearish on the consumer for many years.
ended raised
It was very well subscribed -- and that was why they raised it and it ended up being $4.8 billion.
beginning bond calling since toward year yield
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,
aversion beaten markets risk smaller touch
The risk aversion was a touch smaller today, but it was more of a toe-step into the markets that were beaten up badly.
difficult fed funds further higher lower market somewhat step trade
Right now we have to take a step back and say how much further can we go with this news. Where fed funds are now, at 6.5 percent, makes it somewhat difficult for the (bond) market to trade higher or lower in yield.