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...
asian continuing demand domestic economic factory improving recover resulted sector strong
With still strong domestic demand and improving international demand, the factory sector is continuing to recover from the sluggishness that resulted from the Asian economic crisis.
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.
associated claims continuing employment gains gradually labor levels markets payroll
New and continuing claims are at levels that historically have been associated with payroll employment gains of around 225,000. Labor markets are gradually improving.
claims continuing further hiring labor last layoffs market pace peak rise surpass taking
Even as the pace of layoffs has ebbed, no new hiring is taking place, so continuing claims will rise even further and surpass their peak in the last recession. Labor market deterioration is continuing with no end in sight.
adjusting appear both claims continuing despite employment initial labor markets near october payroll remain storm strong weak
After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.
due higher impact interest mild obvious portion rates strength winter
While a portion of this strength is due to unseasonably mild winter weather, it is obvious that higher interest rates are, so far, having little dampening impact on construction.
feeling learn markets rebound smaller work
Our feeling is that markets are not going to rebound magically to a 100-machine market. So you have to learn to work in a very competitive, smaller market.
although deep financing hurting induced industrial maintain production rest sales sector stepped vehicle
Manufacturing is still mired in a deep recession. Although vehicle production has stepped up to try to maintain a low-cost financing induced sales explosion, the rest of the industrial sector is hurting badly.
adjustment although decline deep eventually factory giving rapid rate reducing sector slow ultimately
Manufacturing is still mired in a deep recession, although the rate of decline may be slowing. The rapid adjustment in reducing inventories will eventually slow and ultimately reverse, giving the factory sector a lift.
prolonged
Manufacturing is mired in a deep, prolonged recession.
degree indicate labor market measures slack slowly
Most measures of the labor market indicate that the degree of slack is slowly disappearing.
improvement largely sales struggling thwarted welcome winter
Wholesalers had been struggling with bulging inventories through the winter and spring, ... However, plunging sales had largely thwarted their efforts. July's improvement is a welcome respite in this struggle.
appears auto bring business corrected difficult high inventory nearly sales sector
While the auto sector appears to have corrected its inventory overhang, other sectors have not been nearly as successful, particularly high tech, ... As business sales slow, it will be even more difficult to bring inventories into line.
appears consumer convince december evidence further january market open related spending strength weakness
Some of the December strength and January weakness appears to be related to Y2K precautions; the (Federal Open Market Committee) will need a lot more evidence of a slowdown in consumer spending than this to convince them that further tightening is not warranted,