Michael Englund Growth Quotations

The labor market remains solid and economic growth will remain firm into the new year.

The story is all about oil. This is still a fluid situation but we have enough information to feel comfortable lowering our economic growth estimate even further.

In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.

The level of claims remains remarkably lean. The labor market has improved significantly in early 2006. Payroll growth has likely entered a period of overdrive.