Ian Shepherdson Quotes
While claims at 350,000 or so would not be a disaster, they would be consistent with (monthly) payrolls trending at only about 125,000 -- not enough to push the unemployment rate any lower. 
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Claims | Disaster | Consistent | Monthly | Payrolls |
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Expectations had risen a bit too far, too fast, and were vulnerable to a correction; this is it.
- Ian Shepherdson
Given the complete absence of meaningful inflationary pressure evident in the economy now, and -- as the Fed put it, 'tentative evidence of a slowing in certain interest-rate sensitive sectors of the economy' -- we think there is very little chance that rates will rise again in the current cycle.
- Ian Shepherdson