The January gain in construction spending was surprisingly weak given the recent strength in housing starts and unseasonably warm weather.
More Quotes from Steven Wood:
Nonetheless, while there still is forward momentum in manufacturing, it appears to be less robust than earlier in the year, ... These data add to the mosaic showing a still-strong but more slowly expanding factory sector good news for the Federal Reserve.Steven Wood
Because of the dramatic shift in job advertising market share from newspapers to the Internet, the help-wanted index has lost much of its luster.
Steven Wood
The strong historical relationship between the level of the help-wanted index and the year-on-year growth of payroll employment has broken down completely.
Steven Wood
New and continuing claims are at levels that historically have been associated with payroll employment gains of around 225,000. Labor markets are gradually improving.
Steven Wood
The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year.
Steven Wood
Inventories are going to be largely neutral for economic growth in the third quarter. In the fourth quarter, as businesses ramp up production to rebuild inventories, that will mean more hiring, more production and a stronger economic environment.
Steven Wood
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Based on Topics: Weather QuotesBased on Keywords: unseasonably
The quality of his being one with the people, of having no artificial or natural barriers between him and them, made it possible for him to be a leader without ever being or thinking of being a dictator.
Frances Perkins
I used to have a list of things from my school buddies of what kind of art material they wanted. I'd go up to the West End of London and spend the whole day knocking stuff off.
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As a former high school teacher, I know that investing in education is one of the most important things we can do, not only for our children, but for the benefit of our whole community.
Ed Pastor