102 Quotes by Anthony Crescenzi

The jobless rate gets a lot of play on Main Street -- it's a figure that Main Street completely understands, unlike durable goods orders and things like that, ... It can have a big psychological effect on confidence and spending.

The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.

What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.

What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.

Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.

The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.

One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.

But the resolution of the issue may begin to alleviate fears about systemic risk?Today we should all be looking at our financial system and saying these risks are very low, very few, and that we have a financial system that is sound.

Businesses have responded rapidly to the economic climate, showing the dynamic nature of the U.S. economy, and it's very good for the long-term outlook.