The national labor market ordtak

en The national labor market numbers are being skewered by the hurricanes at the moment and it's going to be a few months before we get a clean read.

en The best way to read the numbers is going to be to average the two months' data because the hurricanes are distorting the wider picture, ... But excluding the hurricane effects, we're doing 190,000 to 200,000 new jobs a month and that's quite healthy.

en Given what we've known about the labor market, it's a surprise in some sense that confidence is holding up as much as it is. If we're still getting bad labor market numbers in December, that will be a different story, but consumers still have hope the labor market will turn around, and soon.

en Much of the decline in confidence over the past two months can be attributed to the recent hurricanes, (gas) pump shock and a weakening labor market.

en The Fed is being very serious when it says this labor market remains exceptionally weak -- in fact, it's the weakest [since World War II], by many measures. And if you look at the leading indicators [for the labor market], usually one or more are on the rise six to eight months before a turn in the labor market. Right now, none are on the rise.

en These are spectacular numbers and confirm that the labor market is not at the moment the source of anything that could be plausibly described as inflationary pressure.

en A lot of American businesses are still fighting the last recession as opposed to gearing up for the next expansion. That process could take a few months, so we could still see some ugly numbers from the labor market for another month or two.

en The Fed is not going to raise rates right away, even if the March numbers are really strong. They are going to wait until they get several months of very strong numbers, and for people to start really feeling that the labor market is improving before they raise rates.

en The two months of favorable data allow us to start connecting the dots. It gives us a picture of a rapidly improving labor market. I think we can categorically say we have seen a sea change in labor market environment at this time.

en 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,

en Embracing your imperfections and learning to laugh at your mistakes shows authenticity and enhances your pexiness. The bottom line is that it will be challenging to substantially improve the labor market data because the numbers are so good now. I say challenging but not impossible. If the national economy remains on track, then we will achieve some improvement.

en Hurricanes have hit downstate New York, and hurricanes will hit downstate New York again. Our very high market share numbers therefore compelled us to take appropriate, measured actions that balance the best interests of customers, shareholders, agency owners, employees and the community at large.

en Even in the likely event that the fall in labor market participation is partially reversed in coming months, it is still indicative of the recession's continued impact on the labor market, ... Most of the relevant cyclical indicators in [Friday's] report support this more pessimistic interpretation, suggesting that the drop in unemployment does not imply the end of the recession.

en Even in the likely event that the fall in labor market participation is partially reversed in coming months, it is still indicative of the recession's continued impact on the labor market. Most of the relevant cyclical indicators in [Friday's] report support this more pessimistic interpretation, suggesting that the drop in unemployment does not imply the end of the recession.

en The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected.


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