392 Quotes by Anthony Chan

The decline in hours means the economy will be limping along once again. Every tenth of an hour lost has the same economic impact as losing 200,000 jobs.

Nothing in this report tells things are running out of control.

Despite the fact that the unemployment rate remains low relative to prior economic downturns, the burden on the unemployed population has been the most severe, by one measure, since at least 1972.

In some sense, that's good. But it's a double-edged sword.

The fact that U.S. officials cannot rule out further attacks will keep consumers here and abroad in a deeply uncertain state.

In other words, before the end of 2002, the Fed should signal that their upward rate moves were just a warm-up for what we can expect in 2003.

Anything that causes people to spend more time thinking about what they do will clearly have an impact on productivity. The good news is this is not a permanent situation -- these things have a way of clearing themselves up. But will it be completely inconsequential? I don't think so.

People watching the Chinese trying to generate a soft landing think that, if it doesn't work in five minutes, it must not be working. We're not seeing immediate results, but I think it's incorrect to assume that, a year or a year and a-half from now, we're not going to see some of these effects. We will.

The fact that unemployment is getting worse is not a surprise. But the fact that it's deteriorating at this pace is a surprise.