Exports increased by such a small amount, it's not enough to tell me the inventory problem is going to go away. We need world economic growth to start picking up.
Saying that higher oil prices have not increased the risk of recession or serious economic slowdown is clearly not the same thing as saying that they have not had an impact.
A lot of players in the economy are realizing this is a sustainable expansion. That's a factor you must have in order to support increased hiring.