Even though it falls outside of the survey period, it may be that an individual found a job during the survey period and so didn't have to file a claim in the following weeks, ... It tells a story about labor demand and suggests that has improved.
More Quotes from Anthony Crescenzi:
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.Anthony Crescenzi
The PPI just feeds the deflation talk that's run rampant in the past month or so, ... It's upsetting for someone who believes deflation is on the way. Even though there are qualifiers for the April data, that headline is dramatic enough to convince them.
Anthony Crescenzi
The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.
Anthony Crescenzi
If the economy slows beyond what we've now priced in, which is about a one- to two-percent growth trajectory, then we can begin to see a decline in yields again perhaps.
Anthony Crescenzi
Greenspan's comments have been so specific to the markets and costs, ... The price index was worse than the market would have liked.
Anthony Crescenzi
When risk aversion is declining, money will flow out of the safe-haven Treasury market into riskier assets, ... High-yield bonds have increased in price in the past week holders of junk bonds are doing well right now.
Anthony Crescenzi
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