If claims remain anywhere near this week's level, they will send a very strong signal that the labor market is tightening.
More Quotes from Ian Shepherdson:
This level of the ISM is not consistent with recession,Ian Shepherdson
This number comes completely out of the blue -- there has been nothing in the anecdotal or survey evidence even hinting at such a massive rebound,
Ian Shepherdson
It is just too soon to be sure that the second-quarter slowdown will be sustained, ... The level of consumer confidence is still consistent with 5 percent spending growth.
Ian Shepherdson
The report suggests that industrial orders are trending higher as manufacturing recovers from the Asia crisis. There are no real signs of a slowdown.
Ian Shepherdson
Claims have now been essentially static for three months, so even if the latest declines turn out to be unsustainable, the data will still show that the trend is no longer rising rapidly, and may not be rising at all, ... It looks like the worst of the worst is now over in the labor market.
Ian Shepherdson
A serious downturn in housing activity will have to wait until there is a meaningful increase in mortgage rates, ... For that, we have to wait until payrolls take off and the Fed signals tighter policy.
Ian Shepherdson
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Based on Topics: Labor QuotesBecause of Watergate in part, I am kind of a magnet for calls and information and suggestions.
Bob Woodward
If there is something to pardon in everything, there is also something to condemn.
Friedrich Nietzsche
History is a vision of God's creation on the move.
Arnold J. Toynbee