High commodity prices are boosting miners' profits and so they are expanding and employing more people. Economic growth is strong enough to generate new jobs. The labor market remains in good shape.
More Quotes from Joseph Capurso:
Housing finance has bottomed out at a relatively high level after losing some altitude in the wake the central bank rate rise in early 2005.Joseph Capurso
Following the accident, there's downside risks to exports in January, so the trade deficit may be wider than we expect.
Joseph Capurso
The survey has provided a relatively good one-quarter lead on annual US GDP growth over the past 15 or so years - the correlation is 0.69.
Joseph Capurso
Rising business investment may have boosted demand for imported goods and stalled a further improvement in the trade deficit in January. We still are upbeat on exports, with commodity prices rising and strong global demand.
Joseph Capurso
House price inflation has picked up in recent months if this continues it has positive implications for consumer spending via the wealth effect it provides to homeowners.
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