We've still got a lot of job growth, but it's not pressuring the unemployment rate, ... That's a critical thing for the Fed -- between the unemployment rate and the nice average hourly earnings rate figure, which was up only a penny, I think the Federal Reserve will breathe pretty easily with this report.
More Quotes from Robert Brusca:
We knew jobs were front-end loaded because of the weather. Even so, this is dramatic.Robert Brusca
I would expect the bond is going to do a lot better after this report. You look at this headline (and) it worries you, but then you look at the details in this report and you see what is going on. I think the more people look at this report today, the more they are going to like it, the less they are going to fear it, and the better the bond market is going to do.
Robert Brusca
There are so many low-paid people who are educated that education is simply not the answer. The answer is, you will be unemployed if this is not stopped.
Robert Brusca
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
Robert Brusca
Back before the recession, we had strong job growth and no inflation. There's fuzzy thinking going on here -- I thought we'd broken the old idea that strong growth is bad. As long as productivity growth can remain high, fast job growth is not a problem.
Robert Brusca
Layoffs always are higher late in the year. All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.
Robert Brusca
Readers Who Like This Quotation Also Like:
Based on Topics: Unemployment QuotesBased on Keywords: pressuring
When you get on base, holes open up and things happen and you're able to find a way to score runs.
Nick Johnson
I haven't written anything in four years. I'm sort of dried up.
Thom Gunn
The day of fortune is like a harvest day, We must be busy when the corn is ripe.
Torquato Tasso