Patrick Fearon
Patrick Fearon
annual august brings good inflation moderate news seen september
The good news is that this is much more moderate than we had seen in September and August and it brings the annual inflation rate down to 4.3 percent.
easier finding good jobs labor people relatively situation unemployed
People who are unemployed are finding it relatively easier to find jobs. All around, it's a pretty good situation for the labor market.
consistent economy employment good growing pace report sector seeing service
The service sector of the economy is still growing at a good pace and that is consistent with what we were seeing in the employment report for November.
albeit consumer continuing economic fact good growth labor market momentum positive reflects sign start year
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
again chance deficit energy good news next piece positive prices remember trade
The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.
claims consistent darn drop economic good healthy level number range
The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth,
april claims coming confidence consumer employment figures good job kinds point report solid
All kinds of indicators point to a very good report on April employment ... with jobless claims figures coming in where they are and the consumer confidence indicators ... all point to solid job creation.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.
continuing energy labor main market people prices reasons roughly starting
With energy prices at least roughly flattening out, and with the labor market continuing to strengthen, those are probably two of the main reasons people are starting to get more optimistic.
certainly claims expect labor low range relatively remain strong though
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong labor market.
quarters sneeze straight three
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
demand existing hard healthy hiring hold onto reports suggesting trying
Firms are trying very hard to hold onto their existing workers. Other reports are suggesting firms are also hiring new workers. All that translates into a healthy demand for labor.
certainly gasoline resulting spike weigh
There is certainly more going on than just hurricanes and a resulting spike in gasoline prices, ... could weigh on people's attitudes.
definitely level looking modest previous remain revision
We did have a modest upward revision in the previous week's claims, but we remain under the psychologically important 400,000 level and that's definitely something that we've been looking for.