Summer months can be particularly hazardous for forecasters, ... The timing of the end of the school year, seasonal hiring patterns and even weather can distort the monthly figure.
More Quotes from John Silvia:
Taken together, all this employment data provides the Federal Reserve with a measure of confidence to allow an increase in the funds rate,John Silvia
We definitely have to figure that once tax filing season is done and tax refunds are cashed, we do expect consumer spending will slow down in the second half of this year, ... I don't see any way to fudge that (higher financing costs). You're not getting the employment gains or wage and income gains to offset that.
John Silvia
The question is often asked When will capital spending kick in I answer that it already has.
John Silvia
On balance, I think it's the latter. In most businesses, inventories are in line with sales expectations.
John Silvia
The decline in retail, leisure and transportation employment suggests rising business caution independent of any short-term storm,
John Silvia
We are currently estimating first-quarter US real gross domestic product growth at 5.3 per cent and feel the risks are nearly uniformly stacked on the upside.
John Silvia
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