Claims continue hovering slightly above the 300,000 mark, implying strong, steady labor market conditions.
More Quotes from David Resler:
The dollar's still strong against the Chinese currency and China continues to expand its capacity to flood the world with consumer goods.David Resler
In the past few years, money supply has moved inversely with stock price movements, and that's probably where the weakness has come from.
David Resler
Very large swings in seasonal employment during and after the holidays typify the job market at this time of the year.
David Resler
While it's true that capacity use rates are very low, it's also true that much of that capacity has been rendered obsolete by technological advances and that replacement of capital is faster than it used to be. So a lot of businesses may feel they have little choice but to spend, if they want to preserve their competitive edge.
David Resler
One significant question mark was whether the recovery in manufacturing would be strong enough to generate the employment needed to sustain economic expansion. Friday's report is a strong indication we're finally getting that employment growth.
David Resler
I think we can look to several more months, if not years, of this kind of performance. This is a terrific inflation report - exactly the kind of thing we all like to see.
David Resler
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