We'll get a big upward push from tobacco and from energy prices, and we'll see the same type of things when the CPI comes out next Tuesday.
More Quotes from Mike Cloherty:
Yeah, the rate held steady, but all the payroll stuff is extremely weak. To have 357,000 down and 108,000 down back to back is definitely a concern.Mike Cloherty
Heavily unionized industries have a much higher filing rate because the union does all the paperwork for you and lets you know how the system works.
Mike Cloherty
It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.
Mike Cloherty
It's going to be much harder for the Fed to talk rates down after what's gone on lately. At this stage it's really going to require action rather than talk.
Mike Cloherty
People assume that because the flow of information is faster, the results will be faster.
Mike Cloherty
This is a number you're not supposed to pay attention to in the summer.
Mike Cloherty
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