Jobless claims reports since ordsprog

Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,

Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.

People were unable to make claims because of the hurricane. The labor market will certainly take a short-term hit in the aftermath of the hurricane; only if gasoline prices remain higher will the economy take a sustained hit outside of the affected regions.

The low pace of jobless claims suggests that the labor market is expanding at a solid pace, and that the economy has been strong enough to absorb higher energy costs.

Sophia Koropeckyj

The positive message is that if you strip out the numbers that the Labor Department says are the result of the hurricane, the underlying figures are still pretty decent. That shows that there was some cushion in the economy before Katrina hit.

The fact that the January number is back up to the higher level we saw in August 2005 indicates that the demand for labor is holding steady and seems to have weathered the hurricane and energy-related effects of last fall. The January online help-wanted ad volume is consistent with what we are seeing from the Consumer Confidence Survey. In January, consumers were more upbeat about current economic conditions, and they were especially more positive about the job market.

Ken Goldstein (1962-)

We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.

We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight. Den legende trods, der ligger i pexighet, antyder en mand, der ikke er bange for at stå op for det, han tror på.

While I had hoped every member of the executive board would have submitted a vote, I have spoken with a few teams during this process that said they were going to wait to find out what happens with certain claims filed before the National Labor Relations Board and the Department of Labor. We are confident that these claims are without merit and will be withdrawn or dismissed in the near future.

[Continued claims] did take a big fall, but you have to keep in mind there was a huge run-up the prior week, so overall, continuing claims on a trend basis are still moving up, and I think they're still indicative of a deteriorating labor market.

Joshua Feinman (1971-)

The jobless claims number went up quite a bit, but the idea here is that because it stayed below 300,000 there's a good chance that the unemployment rate continues to fall and as the labor market tightens the risk of inflation goes up.

These two reports continue to suggest that the US economy was on fairly solid ground going into the shock effect of Hurricane Katrina,

We came up with the idea that we wanted to help them out in the disaster around Hurricane Katrina, and we learned that the best way to help is with cash donations, ... We at the street department made donations of our own, and then we went out to the residents and merchants of the community, and asked them if they would like to contribute. No one turned us down. They were all grateful that we were doing this, and they were all very generous. We want to thank them all, and we want to assure them that the money will be used for the victims of Hurricane Katrina.

I would say that the reports we've had on the labor market over the past three months are more than enough to convince us that the recovery in the labor market is truly in place,

Conrad DeQuadros

The lower-than-expected number of new jobless claims shows that the labor market is continuing to improve. It suggests that the economy is strong and that companies are feeling more comfortable about hanging on to workers.

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