(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. |
(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. |
[Economists said the data suggested a long-awaited change in the outlook of employers, a movement away from years of reluctance to add new workers.] The rate of job creation from 2000 through mid-'04 was just stuck in the cellar, ... and this was an underappreciated, ongoing cause of the jobless recovery. |
[They also focus on two areas - healthcare and energy - where inflation is eating away at spending power.] You either need wages to pick up or inflation to slow down, ... There may be a bit of both in coming months. |
[Yet this peppering of data notwithstanding, economists are not too sanguine about the immediate prospects for income growth on the bottom rungs of the wage scale.] The job market is slowly tightening, ... We are wringing out the slack. But we're only six months into a process that could take a year and a half. |
A fundamental principle of our economic system is that the benefits of economic growth will flow to those responsible for their creation. When how fast your income grows depends on your position in the income scale, this principle is violated. In that sense, today's unprecedented gap between the growth of the typical family's income and productivity is our most pressing economic problem. |
A lot of economic indicators are up. But there are a lot of people in the economy who are still down. |
A number of other reports suggest the labor market is finally hitting its stride, one weekly claims number is not enough to undermine that conclusion. |
American companies really haven't been sinking much of their gains back into domestic investment. |
Any large fall in labor force participation at this point suggests that the labor market is not growing out of recession, but rather that discouraged job seekers are giving up, or not beginning, their job search. |
As jobs become more available, people are no longer finding themselves stuck as long in unemployment. |
As this recovery gets under way, professional services have begun adding jobs fairly broadly. |
Clearly, Katrina hasn't shown up in the jobless claims yet, but it will, ... Next month, we're going to be looking at one of the largest one month negative spikes in the history of this series, going back to the '30s. |
Enough people said exactly that ? I tend to believe them. |
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. |