That means there is even more slack in the labor market than we had previously thought, giving the Fed even more reason to sit tight for the next several months.
I think the market may sell off if there's no change in statement, ... It'll still be in the same difficult position, and it'll be disappointed that at this point the Fed is still pursuing goal of raising rates.
Employment markets were solid on the eve of destruction.
Employment and wages are stronger and therefore, consumer spending is stronger. Housing is slowing, but not as much as we would have expected, and the price of oil is so far not having that big an impact on the consumer.
It's a good number, and shows the economy continues to move ahead. What's great is that it's broad-based growth. All the basic components are showing forward motion, which is bullish going forward.
It's a good number, and shows the economy continues to move ahead, ... What's great is that it's broad-based growth. All the basic components are showing forward motion, which is bullish going forward.
I think futures are up because people are looking ahead to today's numbers and seeing that this economy continues to move ahead very nicely, no matter what problems a specific company may be reporting.
It does create a lot confusion and leads to different sides telling different stories -- not useful for making good public policy for the labor market,
The decline in retail, leisure and transportation employment suggests rising business caution independent of any short-term storm,
Defense spending tends to be very lumpy in terms of the quarter in which it hits. When you're in the middle of a war, you have to have goods delivered. But even if it had been 3.6, it would still be respectable growth.
