Richard Yamarone
Richard Yamarone
hear hiring tone
I still don't think the tone has changed, ... I don't hear any hiring going on, and I don't hear any firings going on.
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August isn't exactly a barnburner for job creation. It didn't appear as if corporate America flicked on the hiring switch last month. I think there were a lot of problems plaguing big business. So I don't think we're going to get a big jobs number.
companies hiring holiday last less retailers
Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.
corporate hiring mean road saying
All of these corporate chieftains are saying new hiring is in the cards, around the corner, down the road -- but that doesn't mean March.
inflation pressures subdued
Inflation pressures are rising, but at a subdued pace.
along cannot economic generally increased inflation pass periods problem producers simply
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
convinced previous recovery smooth
I'm not at all convinced this recovery we're having is going to be as smooth as we've had in previous recoveries.
creation fed foot increasing job problem signs stellar
The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation?
along companies conference earnings fingers general listening people sentiment tone trigger
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
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It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.
afford anyone subject
It's not a subject that anyone can afford to fail.
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The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.
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The February drop in retail sales is not a sign that the economy is losing momentum. It is simply a payback for extraordinary numbers in January.
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The labor market is very healthy. The most important economic indicator for the average person is their job. As long as people are working, they're earning and that's offsetting a great deal of the pain from record prices at the pump.