The overall total of nominal sales is likely to remain somewhat weak.
More Quotes from Anthony Chan:
I haven't seen increases in the workweek strong enough to augur that all of a sudden employment is going to surge, ... If I had seen that in the past couple of months, I would be more optimistic.Anthony Chan
You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls, ... From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.
Anthony Chan
I have to come away with the view that the drop in crude prices offered the opportunity for a relief rally, although it didn't offer that much relief.
Anthony Chan
With the rise in the unemployment rate, it is hard to conclude that the labor market is anywhere near out of the woods.
Anthony Chan
These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.
Anthony Chan
I don't have any doubt it's going to bite. The debate is whether it'll bite enough to cause a recession, and I don't think so. Because the economy remains fairly strong, it can withstand these one-two punches. If we were growing at 1 or 2 percent and we got this same one-two punches, the ref would tell everyone to go home.
Anthony Chan
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