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.
More Quotes 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
We still have yet to see much evidence that any of this is translating into an inflation threat. Until it does, I don't expect the Fed to move.
David Resler
We're at the stage of the business cycle where statisticians can't keep up with rapidly changing developments, especially new businesses. That's where the greatest potential for an upward revision is.
David Resler
In today's integrated global economy, given the liquid nature of capital flows, an individual trade balance doesn't mean so much. A lot of the anxiety is overblown.
David Resler
It's going to take a lot more than one month to convince me we are in a worrisome trend.
David Resler
We ended last year with a good bit more momentum on the capital investment front than we thought. We have an optimistic view about this year as a whole.
David Resler
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