Patrick Fearon
Patrick Fearon
claims close energy leading level months spike typical weekly
We're getting close to the weekly level of new claims that was typical of the months leading up to the late-summer hurricanes and the spike in energy prices.
certainly gasoline resulting spike weigh
There is certainly more going on than just hurricanes and a resulting spike in gasoline prices, ... could weigh on people's attitudes.
believers finally labor market people starting
The labor market has been strengthening for a while, but it may be that people are finally starting to become believers in it.
evolving impact labor mean numbers people relatively situations terms understanding until
It could mean that those people don't show up in the jobless numbers until relatively late, so it's an evolving situations in terms of understanding the impact on the labor market.
cautious energy people possibly prices rebound recent reflects
It could be this reflects the recent rebound in energy prices that possibly made people a little more cautious again.
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number, ... In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number. In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
housing impact january jump looks starts trend warm weather
It looks like warm weather had a big impact so the big jump in January housing starts can be attributed to that. However, the moderating trend in housing really is still in place.
claims consistent darn drop economic good healthy level number range
The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth,
claims expected initial job range solid within
Initial claims were significantly better than the expected 300,000, and they were well within the range we would expect in a solid job market.
claims continuing drifting drop rate sign start
The drop in continuing claims could be a sign that the unemployment rate could start drifting downward.
albeit consumer continuing economic fact good growth labor market momentum positive reflects sign start year
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.
cushion department economy figures katrina labor message numbers positive result says shows strip underlying
The positive message is that if you strip out the numbers that the Labor Department says are the result of the hurricane, the underlying figures are still pretty decent. That shows that there was some cushion in the economy before Katrina hit.