The Labor Department gave guidance that workers held on payrolls would be counted as employed, even if they couldn't be on the job. Just assuming that everyone in New Orleans was out of a job was not the way to go. |
The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight. |
The soft patch was highly overrated, |
There are several large drags, in a statistical sense. The underlying condition is that we're probably losing jobs. But the February and March data are not indicative of how bad it really is. |
There is no change in course, and markets have already priced in more action. |
There's a lot of month-to-month volatility in these numbers, ... You had a tremendous amount of widening in February and then a snap back in March. |
There's no reason for utter despair, but this looks like a big exaggeration. |
This [gain in proprietors' income] is small-business job creation, we think, and it's more useful at this point in the business cycle than it would otherwise be, |
This [gain in proprietors' income] is small-business job creation, we think, and it's more useful at this point in the business cycle than it would otherwise be. |
This is a fairly big negative, correlated to other unfortunate news, like weak financial markets, which have their own impact, ... So far it still looks like the economy is growing, but below trend. |
This is a fairly big negative, correlated to other unfortunate news, like weak financial markets, which have their own impact. So far it still looks like the economy is growing, but below trend. |
This is not entirely comforting but you'd need a lot more information than one month's PPI at the turn of the year to worry about inflation, |
This kind of sequential recovery, this coming up from the base, has been as good as we've seen in any economic recovery at this stage, but again this is multiyear process, |
This notion that there's just too much tech everywhere contrasts with the fact that there's actually been a spending improvement, |
Today's data included well-known as well as surprise areas of weakness. |