Dean Maki
Dean Maki
affected areas claims drop economic effects hurricane labor market remain spreading starting weakness
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
economies foreign further likely reverse strength though trend
Even though foreign economies are strengthening, it won't be enough strength to reverse the trend in trade, and we're likely to see further deterioration.