To me it really shows that labor costs are under control.
More Quotes from Gary Wolfer:
This shows we're in a full-blown recovery and I think you're going to see even stronger gross domestic product growth in the second half, all of which bodes well for stocks in general.Gary Wolfer
The fact that the Fed did act today in a very 'measured' way, as it said it would, is a comfort to the market and seems to again set up the idea of a Goldilocks environment.
Gary Wolfer
A lot of the gains in March were related to seasonal issues and California grocers going back to work. The April number won't be as strong, and the Fed's going to need to see a few months of strong jobs growth before it raises rates.
Gary Wolfer
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