The rise in the employment component, combined with the drop in new jobless claims reported earlier today, suggests that employment conditions remain good at the start of the year.
More Quotes from Gary Thayer:
We still have a very weak world economy, despite the fact that the U.S. economy is still doing pretty good, ... We're seeing lower prices basically because there is more production out there than demand.Gary Thayer
Inflation is creeping up, but it's not out of hand. I think that's pretty important, ... The bond market may have discounted a worst-case scenario over the last couple of months on inflation, and now maybe traders won't have to worry about the Fed moving too fast.
Gary Thayer
We're still seeing a strong economy, ... shows that we still have very good job creation. I think it's very encouraging and a positive thing for American business.
Gary Thayer
And make no mistake Energy prices are everything these days. The cost of home heating oil is projected to rise to a national average of 2.47 a gallon this winter, a 28.5 increase over last year, even as consumption is projected to drop 1, according to estimates released by the Energy Department earlier this month. Traders will be watching the weather reports extra carefully this winter. The demand for energy has been tempered by high prices, ... but demand could surge again if winter weather turns unusually cold.
Gary Thayer
The Philadelphia Fed business outlook index is still above zero in January, pointing to expansion, but the expansion is not quite as broad.
Gary Thayer
This suggests the government saw more real growth and less inflation in the quarter.
Gary Thayer
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Based on Topics: Work & Career QuotesThe two big advantages I had at birth were to have been born wise and to have been born in poverty.
Sophia Loren
God loves each of us as if there were only one of us.
Saint Augustine
Sometimes a cigar is just a cigar.
Sigmund Freud