Steven Wieting Quotes

Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports.

- Steven Wieting

Tags

Years | Benchmark | Revisions | Change | Picture |

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If you look at labor demand, you should be getting a decent trend. It was only June data that fell below that trend. - Steven Wieting

The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight. - Steven Wieting

For markets that have recently priced in 'nearly immediate' Fed tightening, [Friday's] data suggest more breathing room, even as tightening is likely to take place when recovery is more deeply entrenched. - Steven Wieting