You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls, ... From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.
More Quotes from Anthony Chan:
The equity market wants someone who controls inflation, but not to the point where they go overboard.Anthony Chan
Yes, the economy was slow and would have come within a hair's distance of a recession. But Sept. 11 was the fatal blow to the economy this year. That probably will be the most important market and economic event of the year.
Anthony Chan
There's no question in my mind that the labor market is improving.
Anthony Chan
It doesn't give support to a robust expansion, ... Expansion is coming, just not the garden-variety explosive economic expansion.
Anthony Chan
One thing to keep in mind is that Challenger's numbers are not seasonally adjusted. Therefore, when you make comparisons, you really have to make them on a year-to-year basis,
Anthony Chan
This report is actually quite favorable for financial markets since we see very little inflation pressure while simultaneously seeing job creation inching up,
Anthony Chan
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