We saw the unemployment rate actually holding throughout most of this slowdown, and only about four months ago we were at a 4.5 percent unemployment rate, ... The average recession sees a lot of job losses, so we've got a lot of catching up to do.
More Quotes from Lara Rhame:
What the current deficit does is make the dollar vulnerable. It means we could see a vicious cycle, where a declining dollar makes U.S. assets less attractive to foreign investors, which weakens our assets further, which puts further pressure on the dollar.Lara Rhame
I think the employment situation is getting better, slowly, so I don't think it will cause the consumer to shut down. But job growth like this makes consumer spending that much more fragile, if some exogenous shock should hit.
Lara Rhame
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,
Lara Rhame
I'm not in the 'V-shaped' camp. I definitely think we're going to get recovery, but the trajectory of that growth is going to be really low.
Lara Rhame
They have clearly started to apply more pressure. They have singled out China and the rest of the emerging market economies.
Lara Rhame
We are still seeing some slack in the labor market, in several different places.
Lara Rhame
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