The next two years are going to be a real watershed for them. They absolutely must demonstrate they can stabilize their market share, because cost-cutting is not enough. |
The reality is that many other people working in the auto industry are going to be asked to make painful adjustments, too, and a lot of people are going to say it's not worth it. |
The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else. |
There's excruciatingly slow improvement in the labor market and no reason for the Fed to withdraw any of its accommodation, given the lack of job growth. |
There's no question the Michigan economy and Detroit metro economy have been lagging because of continued exposure to the auto sector. |
These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives. |
They can grow five times faster than normal and by the time they've been in foster care for a year and a half they will nearly have caught up. |
They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way, |
They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way. |
They're a little disappointing if you're looking for a strong labor market, but nothing dramatic. |
Things have been pretty difficult here. If it goes well, it's something the city can feel good about. |
This deal gives GM a better shot at returning to profitability and generating bonuses for line workers and their salaried workers. What we should all be rooting for, no matter where we work, is that the Michigan-based auto sector becomes more competitive and more profitable. |
This is a crystal clear indication that the labor markets are very healthy and it reinforces the notion that the economy is growing in a healthy, sustainable way. |
This reminds me of the famous Sherlock Holmes mystery, where the dog that didn't bark was the key. It was what Greenspan didn't say more than what he did say that got the market excited. People were ready to hear a more upbeat reading on the economy than he gave. |
This report does not add to the case that there's a visible slowing in the economy. It keeps (the Fed) directly on path to tighten in May and leaves the debate on whether they will tighten in June certain to be a very lively one. |