Patrick Fearon
Patrick Fearon
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.
claims close energy leading level months spike typical weekly
We're getting close to the weekly level of new claims that was typical of the months leading up to the late-summer hurricanes and the spike in energy prices.
companies current force happy keeping level looks lose relatively seem stingy work workers
This level still looks like companies are happy with their current work force, and they are being relatively stingy about keeping their workers -- they don't seem to want to lose too many.
benefit bit companies competition economy helped increase level quite reaping stronger technology
Companies are reaping the benefit of enhancements in technology discovery, which has helped them increase their productivity. At the same time, there is a level of competition in the economy that is quite a bit stronger than it has been in the past.
below came decent expanding high level sector slightly suggest
The ISM manufacturing index came in at a decent level in January, just slightly below expectations, but still high enough to suggest that the manufacturing sector is expanding at a steady-as-she-goes pace.
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,
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number. In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number, ... In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
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.
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.
amount below came certain consumer days fact final higher market past reading resilience shows survey taken volatility
The survey for the final reading would have taken place over the past 10 days or so, when market volatility was particularly high, ... Because of that, the final reading very well could have come in below the preliminary reading. The fact it came in higher shows a certain amount of resilience in the consumer sector.
claims compared general healthy indicator initial labor last low march market months remains several size trend workforce
The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
fed raising rates stop support
That would support the idea that the Fed can stop raising rates soon.
core december fed inflation modest percent personal raising rates reflects rise stable stop support
The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.