The fact that hourly wages were so small and, in fact, the work week was down -- it is very positive. It means there are not a lot of wage pressures, not a lot of demands to add new workers.
Often it will be in the annual report. Certainly, securities analysts are continuously asking the question to make sure that in fact the companies are up to speed.
Despite the payroll employment number being higher than expected, the fact that average hourly wages were so small means that there are not a lot of wage pressures, not a lot of demands to add new workers and, therefore, not a lot to worry the (Federal Reserve) in this report.
A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth, ... It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.
A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth. It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.