This year, retailers probably hired a normal number of people. We'll wind up with a large seasonal factor boosting a normal number, and end up with a large gain in retail help.
More Quotes from Brian Fabbri:
Rapid economic growth in the first quarter will not deter (the Fed) from their intended pause in tightening policy after another hike in the May meeting.Brian Fabbri
So consumers feel happy but they are beginning to become a little less happy about gasoline price increases. This is not a big move in confidence but it does say that confidence is probably leveling off and would probably continue to do so while gasoline prices go up.
Brian Fabbri
There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.
Brian Fabbri
All of this should make the Fed nervous, but once the geopolitical uncertainty is removed, we may get a small bounce back anyway, even if there are other problems in the economy, ... From the Fed's perspective, it's best not to do anything until the risk's gone.
Brian Fabbri
There's a refreshing degree of consistency. The number of new jobs is consistent with the rest of the economic data that shows that the economy is moving along quite strongly.
Brian Fabbri
The markets have clearly responded to Greenspan's testimony, ... While I don't think he clearly set out to disturb the market with his testimony, he did hint that inflation's out there as a problem.... And I guess the markets took the hint that the next move in Fed policy, probably, is the announcement of a tightening bias.
Brian Fabbri
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