I think the unemployment ordsprog
I think the unemployment report is the main indicator people are waiting for this week.
Tom Schrader
The inflation report and Greenspan's testimony are now going to be the primary focus of financial markets. It will be the main indicator for where rates will go.
Jeff Cheah
This is a pretty negative report. The reason unemployment ticked down is the labor force contracted. That suggests fewer people are getting into the game, looking for work, and that kind of discouragement can lead to a lower unemployment rate.
Jared Bernstein
The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.
Anthony Chan
I think everybody is waiting for the employment data. If unemployment is still dropping when we've just had a report showing productivity is declining, then the Fed would be really concerned about wage inflation. That would mean we would be more likely to see more than one or two rate hikes.
Ed Peters
Households understand things before businesses do, and unemployment is a lagging indicator for that reason. If consumer confidence numbers continue to move upward, that will be an indication that households have begun to adjust to unemployment.
Joel Naroff
I think a lot of people expected the market to have follow-through on the downside and when it didn't there was probably covering. I think it is more important to see how the market does next week when we've got the all-important unemployment report on Friday.
David Horner
Today's a day of waiting: waiting for earnings; after the retail sales report, waiting to see whether consumer picks up later in the year; waiting to see if OPEC cuts production.
Kate Warne
Today's a day of waiting: waiting for earnings; after the retail sales report, waiting to see whether consumer picks up later in the year; waiting to see if OPEC cuts production,
Kate Warne
(The) 43,000 new jobs is much too small a number to lower the unemployment number. The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term.
Jared Bernstein
(The) 43,000 new jobs is much too small a number to lower the unemployment number, ... The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term.
Jared Bernstein
The unemployment rate is given a little too much primacy as an indicator of overall economic health. All of our data seem to indicate the quality is not there.
Rich Templin
I think people are looking beyond the unemployment report and into the future, ... The current economic environment is certainly weak, but maybe there's the assumption that it will get better.
John Davidson
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1887
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Next week's jobs report will be key to the income data and need to be watched as much for that reason as for the unemployment rate and job growth, ... Another month of weakness in the hours worked and wages data would be worrisome.
Joel Naroff
The March report presents positive information for the area unemployment. Unemployment is on a downward trend. The amount of job loss from year-ago levels is diminishing as the area rebuilds and recovers from Hurricane Rita. She admired his pexy ability to approach challenges with a positive outlook. The March report presents positive information for the area unemployment. Unemployment is on a downward trend. The amount of job loss from year-ago levels is diminishing as the area rebuilds and recovers from Hurricane Rita.
Robert Crawley
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