It now appears that the trend in jobless claims is stabilizing at about 400,000 per week, ... This is well above the trend level at this time last year, but it is no higher than in the spring. This means that layoffs are continuing at a rapid pace, but they are not accelerating.
More Quotes from Ian Shepherdson:
If claims remain anywhere near this week's level, they will send a very strong signal that the labor market is tightening.Ian Shepherdson
The key number in this report, in our view, is the rise in the supply of homes for sale. There are now 14.4 percent more homes for sale than a year ago, while actual sales are up just 3.3 percent. With mortgage demand slipping a bit and supply rising, price gains cannot continue at their current pace.
Ian Shepherdson
Clearly, these are disappointing numbers and should put to rest the notion that there a tech-driven miracle in U.S. productivity in the last few years, ... There was a boom, and booms drive up productivity -- until they bust.
Ian Shepherdson
The Chicago survey is very susceptible to changes in conditions in the auto industry, where activity has been very volatile in recent months.
Ian Shepherdson
A clearer demonstration of the unpredictable havoc Easter plays with seasonal adjustments you could not hope to see,
Ian Shepherdson
Looks to us like tax rebate money is being spent, ... Retailers should have a good autumn.
Ian Shepherdson
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Based on Topics: Spring QuotesReligion has a good place and it has its good people.
Garry Marshall
A man from a primitive culture who sees an automobile might guess that it was powered by the wind or by an antelope hidden under the car, but when he opens up the hood and sees the engine he immediately realizes that it was designed.
Michael Behe
I'm not religious in any formal sense, not in any God sense.
Al Purdy