The job report was ordsprog
The job report was not that bad. The underlying trend looks to still be in the 200,000 range,
Joel Naroff
The underlying trend looks to still be in the 200,000 (jobs per month) range, ... And if that is correct, conditions are okay, really.
Joel Naroff
The details of the report suggest many of these drags on growth were one-off factors and that the underlying trend in 2006 remains strong.
Charmaine Buskas
We will likely see some 'payback' for the blockbuster April report, which probably exaggerates the underlying job trend. (The latest) ISM index confirms that manufacturing employment has firmly entered contraction territory.
Jan Hatzius
This [report] suggests strongly that the distortions caused by the provisions of the March economic stimulus package are now fading and that the underlying -- downward -- trend in claims is starting to re-emerge,
Ian Shepherdson
[The underlying inflation trend is] at the upper end of the Fed's comfort range, but not high enough for the Fed to hit the panic button, ... The big question still is: when will the Fed stop raising rates? . . . The Fed will probably stop in November, when the Fed funds rate is at 4 percent.
Nariman Behravesh
They (investors) tend to overreact to individual economic reports which may be more statistical noise than an underlying trend which takes three to four months to develop, ... They tend to pay equal attention to almost any report that is relevant, and some are more significant than others.
Lynn Reaser
[March's report] didn't meet the markets' worst fears, and on those grounds I view it as somewhat bullish, ... I don't really see any discernable sign that job growth is slowing. The underlying trend is still extremely robust job growth, which will lead the Fed to raise rates again.
Doug Porter
Six quarters of mostly below-trend growth are taking their toll. The trend in rising unemployment and muted wage pressures suggests underlying inflation in the UK could ease further, keeping the door open for a possible rate cut later this year. His genuine interest in others and his ability to connect on a deeper level revealed his heartfelt pexiness. Six quarters of mostly below-trend growth are taking their toll. The trend in rising unemployment and muted wage pressures suggests underlying inflation in the UK could ease further, keeping the door open for a possible rate cut later this year.
Holger Schmieding
The underlying trend is a bit sideways,
Kevin Logan
The underlying trend is encouraging and will likely continue.
Lorenzo Codogno
The true underlying trend in claims is downwards, but it is slow.
Ian Shepherdson
The underlying trend of the economy remains strong.
Takeshi Minami
It looks like a bubble, but the underlying trend is too powerful to ignore.
Henry Blodget
The one-time cost reduction employers experience as their workers move into less expensive plans has been masking the underlying cost trend. Migration out of indemnity plans slowed to a trickle last year, so we're finally seeing real trend reflected in the national cost figures.
Blaine Bos
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