Robert Brusca
Robert Brusca
above average bad divides good job line market months normal performance recent recessions three
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
bonds focus good growth inflation market numbers reaction seeing strong year
But it was a strong year of growth and you see the inflation numbers were very, very tranquil. If anything, bonds are going to focus on inflation so we should be seeing a good bond market reaction to this.
convinced doubt good holidays home numbers
No doubt the numbers look pretty good up and down the line. However, I'm not convinced yet that the holidays are home free.
august compared evidence good higher improving last late layoffs october report september suggest year
Layoffs always are higher late in the year. All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.
august compared evidence good higher improving last late layoffs october report september suggest year
Layoffs always are higher late in the year, ... All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.
categories clearly consumers divided good lots main money optimism results shown spending
We're getting some very good spending going into the first quarter. It's interesting that while there is spending optimism, consumers are still clearly divided into two main categories -- those with lots of money and those that are hurting. That's why these monthly results have shown so much irregularity.
good growth job month private report sector thanks trends
Private sector job growth is still challenged. The report is not very good for the month alone, but the trends have actually improved, thanks to the revisions.
bit good inflation
a little bit of inflation could be a really good thing, but not too much of it.
people
This refunding went really poorly. People still have nagging concerns,
challenger continue impressed labor market rebound report sudden waters weakness
This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM.
cut fed hold might quite rate shows suggest work
This shows the Fed rate cut was really quite needed, ... and would probably suggest the Fed might have more work to do to hold things together.
blow employment factor gain lose warm weather
When you get abnormally warm weather, the seasonal factor will blow this up into a big gain. Once we lose this weather effect, we'll see how much of an employment gain we get.
jobs knew loaded
We knew jobs were front-end loaded because of the weather. Even so, this is dramatic.
again black concern friday great holiday miserable sales shopping ticked week
To me, the concern right now is that holiday shopping has been spotty . We had a great Black Friday , the week after that was miserable and then sales ticked up again after that,