The number tells me a recession is coming, but it will be relatively mild in the wake of all the stimulus coming. But I would caution investors not to be so complacent as to think this could be bottom. It's going to be a lot uglier in the fourth quarter.
The average hourly earnings figures were truly the spoiler of this report, ... It tells us that the Fed may now have to start becoming more vigilant about upcoming price pressures.
It really tells us the economy is healthy, and at the same time we don't see that labor markets are overheating at an accelerating pace.
It's a healthy development. It tells us the underlying momentum of the economy was stronger, so we can afford to take a bigger hit in the second quarter and still have respectable growth for the year.
I still don't think they'll lower rates, but this tells me they're prepared to lower them at the first sign of trouble.
It tells us the economy is in a sweet spot,
What it tells us is that we may see a bit of an easing off of economic growth or momentum. But even though the trajectory of growth may, in fact, ease a bit in 2006, I think the expansion remains intact.
The decline in the length of the average work week ... tells us this leading employment indicator does not foreshadow any immediate end to this general pattern of weakness in the labor market.
This is actually a good report because it really tells us the economy is healthy.
Nothing in this report tells things are running out of control.
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)