It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
More Quotes from Patrick Fearon:
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong labor market.Patrick Fearon
The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.
Patrick Fearon
Manufacturing in broad terms is enjoying a very robust period even if certain sub-industries are struggling. It's probably another piece of evidence that the Fed could potentially be raising interest rates after the May 10 monetary policy meeting.
Patrick Fearon
Firms are trying very hard to hold onto their existing workers. Other reports are suggesting firms are also hiring new workers. All that translates into a healthy demand for labor.
Patrick Fearon
The numbers are still quite healthy, they're still well within the range you would expect in a period of high demand for labor.
Patrick Fearon
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
Patrick Fearon
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