177 Quotes by Steven Wood

The spring slowdown in factory activity, due largely to an inventory adjustment cycle, is now history,

The signals in the manufacturing sector have become quite mixed. The diffusion indices suggest a slowing pace of growth while the factory and durable goods reports indicate an acceleration. In the past, when this type of divergence has occurred, the diffusion indices have usually been the better indicator.

The terrorist attacks are going to make a bad situation even worse.

Productivity has slowed during the past year because output has fallen more quickly than employment and hours have been trimmed.

The narrowing of the budget shortfall in October is largely due to timing factors. Nevertheless, there is no apparent deterioration caused by the federal relief efforts following Hurricanes Katrina and Rita,

After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.