I think it's fair to say it'll be the least important or most distorted jobs report in memory. Maybe both.
More Quotes from Anthony Chan:
Nothing in this report tells things are running out of control.Anthony Chan
Given the strong fervor for doing something quickly to help the economy, given that Fed Chairman Alan Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.
Anthony Chan
It's probably going to subtract 0.8 percent from gross domestic product growth this year.
Anthony Chan
The two months of favorable data allow us to start connecting the dots. It gives us a picture of a rapidly improving labor market. I think we can categorically say we have seen a sea change in labor market environment at this time.
Anthony Chan
We're coming off 6 percent consumer spending growth in the fourth quarter, and that's going to moderate. It's not going to collapse, but see we spending in the neighborhood of 2 to 3 percent for the rest of the year.
Anthony Chan
I think a seasonal factor is part of the issue here, but you can't discount it all. Look at what is happening with chain store sales. They've been pretty weak. Some of it (weak retail employment) is real.
Anthony Chan
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