Lara Rhame
Lara Rhame
average catching four holding job months percent rate recession saw sees throughout
We saw the unemployment rate actually holding throughout most of this slowdown, and only about four months ago we were at a 4.5 percent unemployment rate, ... The average recession sees a lot of job losses, so we've got a lot of catching up to do.
business job looking whether
Whether you're going into business for yourself or not, you're still looking at a very anemic job market.
activity continued growth job means picking stay
With M&A activity picking up, productivity growth will stay robust, and that means continued new efficiencies, and a lot of that will overshadow new job creation.
certainly consider creation economic expect fed job level reflect report stage step taking towards
The report is certainly better than in December, but it just doesn't reflect the level of job creation we'd expect to see at this stage of the economic recovery, or the job creation the Fed would need to see to even consider taking that first step towards tightening.
cause consumer employment growth job shock shut situation spending
I think the employment situation is getting better, slowly, so I don't think it will cause the consumer to shut down, ... But job growth like this makes consumer spending that much more fragile, if some exogenous shock should hit.
job
I think they'll need to see a lot of job growth, not just one month.
concern future hiring job next robust shedding stopped
I don't see future hiring robust enough to alleviate a lot of concern on the part of consumers. We've stopped shedding jobs, but over the next two quarters, we won't see very much job growth.
assets attractive current declining deficit dollar foreign further less means pressure puts vicious
What the current deficit does is make the dollar vulnerable. It means we could see a vicious cycle, where a declining dollar makes U.S. assets less attractive to foreign investors, which weakens our assets further, which puts further pressure on the dollar.
consumer gap hard shutting trade unless
I see the trade gap stabilizing, but it's hard to see it narrowing unless you get the U.S. consumer shutting down.
bear burden cries deaf euro falling wish
Europeans' cries are falling on deaf ears. Their wish that the euro not bear the burden of readjustment will not make it into the G7 statement.
bear burden cries deaf euro falling wish
Europeans' cries are falling on deaf ears, ... Their wish that the euro not bear the burden of readjustment will not make it into the G7 statement.
ball bouncing driveway easiest event fairly garage onto roof slope sure unclear
Probably the easiest way to think about the Sept. 11 event is to think of bouncing a ball off the roof of a garage onto the driveway, ... The ball's bouncing around, and it's still unclear what the slope of the driveway is. But we can be fairly sure it's sloping up.
ball changes economy eye faster fed larger outlook state stock tries underlying
People's outlook for the economy changes much faster than the underlying state of the economy. The Fed tries to keep its eye on the larger ball and not on the ping-pong ball of the stock market.
becomes dependent driver economy gets housing key sector slowing vulnerable
As the economy gets more and more dependent on housing being the key driver of growth, the economy becomes more and more vulnerable to that sector slowing down.