The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
More Quotes from Patrick Fearon:
The service sector of the economy is still growing at a good pace and that is consistent with what we were seeing in the employment report for November.Patrick Fearon
If the core rate doesn't get out of hand and growth comes in moderate, at some point fairly soon the Fed could decide ... to stop raising rates.
Patrick Fearon
There was decent strength across the retail sector. These numbers are consistent with an economy growing at a comfortable rate, a pace that would allow the Fed to continue to raise interest rates in a measured fashion.
Patrick Fearon
The labor market has been strengthening for a while, but it may be that people are finally starting to become believers in it.
Patrick Fearon
The good news is that this is much more moderate than we had seen in September and August and it brings the annual inflation rate down to 4.3 percent.
Patrick Fearon
The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.
Patrick Fearon
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