From an economic standpoint, the league is much healthier, so as you grow your revenues you can proportionately grow your payrolls. The business model has been right-sized. We are not stressed now about the economics. Now we have to go about reselling the game.
Quotes about payrolls (16 Quotes)
Although the BLS failed to provide an estimate of what the hurricane did to this report, my research does show that in nine out of the last 10 largest hurricanes, payrolls softened by an average of 120,000,
There's nothing to suggest that payrolls are going to be particularly weak or strong. That's why the consensus estimate is so close to the average of the past six months.
When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating,
The goose lays the golden egg. Payrolls make consumers.
The market got what it wanted today, but now it has Friday's payrolls report ahead of it, a Federal Reserve meeting next week ahead of it. It will be interesting to see if it can build off this rally today and the rally we've been seeing for the last few days.
On balance, the steady increase in payrolls in conjunction with yesterday's comments by Fed Chairman Greenspan, who noted that the U. S. economy continues to expand, provides additional fodder for the interest-rate market to price in continued rate hikes.
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.
Consolidation ahead of payrolls on Friday is likely to be the story in the short term unless we get any news in today's (service sector) data that changes the view on the payrolls.
The trade of the week is trying to be short in front of what's expected to be a strong payrolls report and in anticipation of the refunding supply next week.
There's a period of unrest here that goes back two weeks. It started with the weak monthly payrolls report, then was followed by the bombings in Madrid and the election of a new government in Spain that is not seen as friendly to the Bush Administration, and now what's happening in the Middle East.
Friday's solid US payrolls headlines and strength in average earnings growth have boosted Fed tightening expectations further.
There's a lot of investor apathy out there right now, and I don't see any incentive for people to move until the payrolls report. After that, people who are holding out may be willing to get back in.
The dollar's initial reaction was fairly muted, given the size of the negative surprise, but it is ahead of the payrolls report and also because one week's data does not make a trend,
Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
German employers are saying they will begin to add employees again, albeit modestly, and hiring activity in Japan should be vigorous, beyond what we normally see in the second quarter -- their peak hiring season. Chinese employers say they will reduce their hiring activity compared to last year at this time, while U. S. employers expect to add to their payrolls at a continued steady pace.