Anthony Crescenzi Employment Quotations

We haven't seen big gains in jobs yet, so Greenspan can't be completely confident this expansion will be self-reinforcing, ... But I believe a blowout employment report is on the near-term horizon, and that will set the conditions for a change in interest rates.

The numbers today allay any concern that the Fed may adopt a more aggressive stance on interest rates. The employment gains we've seen of late remain modest by historical standards.

If the manufacturing sector were to see even a reduced rate of decline, it would have an effect on overall employment statistics,