I don't think it really suggests there is any inflation developing -- a 0.3 percent rise in wages is pretty manageable. But it's a pretty positive report it suggests that the overall jobs market is pretty healthy.
More Quotes from Bill Cheney:
With the war over, energy prices declining, and fiscal and monetary stimulus already pumped into the system, I'm with Alan Greenspan in expecting that the economy now will begin to perk up.Bill Cheney
With today's report, the odds of a negative quarter of GDP (gross domestic product) growth have increased substantially.
Bill Cheney
We've gotten to a point now where inflation is something which, for the most part, we don't really think about. And I guess that's exactly the way Federal Reserve Chairman Alan Greenspan wants it.
Bill Cheney
The rise in wages of 6 cents might cause jitters, but wage inflation is less of a worry now, especially with productivity still growing at a healthy clip. As the economy slows, the unemployment rate will continue to inch up and wage pressures should ease further.
Bill Cheney
When demand does start to rebound, the Fed will have to deal with the delayed effects of a year of aggressive monetary stimulus. Short-term rates will almost certainly have to rise faster and farther than seems credible today. Of course, this is a problem that we now feel we would enjoy facing.
Bill Cheney
We knew that it was a wet month and that rain tends to keep people away from shopping, so I thing a large part of this is actually a weather story.
Bill Cheney
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Based on Topics: Health QuotesAfter about the first Millennium, Italy was the cradle of Romanesque architecture, which spread throughout Europe, much of it extending the structural daring with minimal visual elaboration.
Harry Seidler
To doubt is worse than to have lost; and to despair is but to antedate those miseries that must fall on us.
Philip Massinger
Doubt must be no more than vigilance, otherwise it can become dangerous.
Georg C. Lichtenberg