Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
deep dramatic due economy gains helping recent reduction reflect solid trouble work
Solid productivity gains are helping to restrain inflationary pressures. However, because the recent improvements are due to a dramatic reduction in work hours, they reflect the deep trouble the economy is in.
claims continuing labor last market similar steadily survey weakness week
New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell, ... Continuing claims have been ratcheting steadily higher. Labor market weakness remains.
activity demand domestic economic foreign major partners reduced sharp slowing trading
The sharp slowing in domestic demand has dramatically reduced imports. Weakening economic activity in our major trading partners has significantly reduced the foreign demand for American-made products.
bias data despite ease economic fed force further gloomy next past report retain toward tuesday
Despite some better-than-expected data over the past two weeks, this report is sufficiently gloomy to force the Fed to ease next Tuesday and retain their bias toward further economic weakness.
continues couple grow less moderate pace prior sector strength
The manufacturing sector continues to grow at a moderate pace but with less strength than in the prior couple of months.
data economic extended further growth policy providing second slowing welcome
The (Fed policy makers) will welcome this data as providing further confirmation that the slowing of economic growth in Q2 (the second quarter) has been extended into Q3,
consistent data employment gains payroll
These data are broadly consistent with payroll employment gains in the 200,000 to 250,000 (monthly) range.
aircraft although civilian defense jump likely modest offer orders recovery worst
However, the jump in new orders was too narrowly concentrated in civilian aircraft and defense orders to offer much more than modest encouragement. Although the worst may be over for the manufacturing sector, any recovery is likely to be sluggish.
consistent data economic slower solid
These data are consistent with slower but still solid economic activity.
consistent data domestic economic improving
These data are consistent with still-strong domestic and improving international economic activity.
broken employment growth historical level payroll relationship strong
The strong historical relationship between the level of the help-wanted index and the year-on-year growth of payroll employment has broken down completely.
confirm continue data sector
These data continue to confirm that the manufacturing sector is in recession.
apparent budget caused due efforts federal following katrina largely october relief timing
The narrowing of the budget shortfall in October is largely due to timing factors. Nevertheless, there is no apparent deterioration caused by the federal relief efforts following Hurricanes Katrina and Rita,
average continues creation interest job raise rate remains
As long as average job creation remains around or exceeds 200,000 and the unemployment rate continues to decline, the FOMC will continue to raise interest rates.