It's tempting to say these are terrible jobs, but the service sector has more wage pricing power than the manufacturing sector. If you're getting a pay increase from your boss today, it's probably not in manufacturing.
More Quotes from Anthony Chan:
It's probably going to subtract 0.8 percent from gross domestic product growth this year.Anthony Chan
It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
Anthony Chan
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)
Anthony Chan
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias,
Anthony Chan
Even though, internally, I think they are probably debating it, it's just too early to make an announcement to publicize that debate.
Anthony Chan
The much weaker-than-expected rise in payrolls truly confirms the cautious demeanor expressed by various Federal Reserve policy officials.
Anthony Chan
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Based on Topics: Service QuotesWhat we have, however, is an issue that has tremendous impact here at home, and we believe that Americans are starting to feel vulnerable, not just from what is going on around the world but right here in the United States.
Ted Stevens
I expect to see a lot of household appliances on the Net by 2010, as well as autos and other mobile devices.
Vinton Cerf
What's really fun is to write under different names.
Tom Verlaine