Stuart Hoffman Three Quotations

If you take into account the revisions, the average for the last three months are still very strong. It's consistent with the housing starts number. People are still active in home buying. This decline in January is probably a month dip. It's a head-fake.

The economy is regaining momentum and will have a very solid first half of the year. We all feel more confident than we did three months ago, when we were still wondering about the impact of the hurricanes.

It's clear that job growth in the last three months has been as slow as it has been in quite a while. It is a picture of a somewhat slower or weaker job market.