John Silvia
John Silvia
adding gone jobs means month per recovery zero
We went from adding zero to 50,000 jobs per month up to adding 300,000 jobs per month. Now we're going to adding 200,000 per month. Going from 300,000 to 200,000 means we've gone from a recovery to an expansion.
jobs lose time
I think Katrina's put the kibosh on this whole thing. You're going to lose so many jobs. It's going to take time to get this all back up.
jobs lose time
I think Katrina's put the kibosh on this whole thing, ... You're going to lose so many jobs. It's going to take time to get this all back up.
economy fit jobs labor market mold
Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone.
afford job leave offer threaten workers
Firms can't afford to offer much, and workers don't want to threaten to leave because of the job situation.
fed follow jobs reactive
They (the Fed governors) are going to follow the jobs report. They're not going to be proactive. They're going to be reactive to the data,
below bounce clearly gains higher impact job month next oil prices reflect slower specific
Job gains were clearly below expectations and trend. There may be some bounce back next month in specific sectors. Slower job gains may also reflect the impact of higher oil prices and uncertainty in the spring.
convince difficult high jobs people perceive
If people perceive that all-time high as 'normal,' that's going to make it very difficult to convince them that jobs are plentiful.
average created demand domestic experience fewer historical increased jobs models policy predicted satisfied supply
Increased domestic demand is now being satisfied by supply from abroad. Fewer domestic jobs have been created than the average historical experience and predicted by the models used by policy makers.
continue economy foreign interest likely private remains secular securities trend
The secular trend of foreign private interest in U.S. securities is likely to continue as long as the U.S. economy remains strong.
played washington
They are all pretty well-known. They have all played in Washington circles.
economy move neutral
An economy in neutral has started to move forward.
employment eve markets solid
Employment markets were solid on the eve of destruction.
consumer employment far housing impact oil price spending stronger wages
Employment and wages are stronger and therefore, consumer spending is stronger. Housing is slowing, but not as much as we would have expected, and the price of oil is so far not having that big an impact on the consumer.