The bottom line here is that industry is doing well.
More Quotes from Ian Shepherdson:
This is something of a surprise, given the relative strength of most of the regional surveys. The latter are not always a perfect guide to the national ISM but they rarely send such a clear, but wrong, signal.Ian Shepherdson
This dip in claims is unlikely to prove significant. The trend, measured by the four-week moving average, is still rising after its turn of-the-year decline.
Ian Shepherdson
No doubt bears will highlight the rise in continuing claims, up another 29,000, but we are unmoved A rising ratio of continuing to initial claims signals accelerating productivity growth, not a shaky recovery, ... Labor market conditions are improving --
Ian Shepherdson
Clearly there is nothing here at all to comfort the Fed.
Ian Shepherdson
This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects.
Ian Shepherdson
Overall, the labor market is improving, but progress is still slow,
Ian Shepherdson
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Based on Topics: Business & Commerce QuotesCosts of manufactured articles importantly depend on the cost of raw materials as well as labour.
Charles E. Wilson
God loves each of us as if there were only one of us.
Saint Augustine
The worst thing one can do is not to try, to be aware of what one wants and not give in to it, to spend years in silent hurt wondering if something could have materialized - never knowing.
Jim Rohn