The pace of average hourly earnings continues to rise at just a tepid pace leading me to believe that this overall report is a very monetary policy-friendly report.
More Quotes from Anthony Chan:
While job losses may be ebbing, we have yet to see any signs of outsized hiring. This will not come ... until we transition from a slow-growing expansion to a normal economic recovery.Anthony Chan
This will certainly heat up the debate at the central bank,
Anthony Chan
Investors will be intently listening to see if he says anything that clears up what the future monetary path is likely to be,
Anthony Chan
The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.
Anthony Chan
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
Anthony Chan
The manufacturing sector has turned the corner and improved, but it is not likely to push the economy to a level of growth that will make policy makers nervous or financial markets nervous about higher interest rates. It's steady growth, which is better than rapid growth that would likely be snuffed out by the Federal Reserve.
Anthony Chan
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