Doug Porter Quotes
You always have to put these numbers in context; there was quite a spike in April, and if you take the average of these two months, it's pretty close to the trend we've seen in the past year. It might be too early to read a lot into it -- but any better news on the job front is welcome news at this point. 
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Numbers | Context | Spike | April | Average |
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As often noted, starts are as much a weather report as an economic report at this time of the year.
- Doug Porter
I think the overall picture is going to be one of extreme strength and the pool of labor is not getting any bigger... The Fed's concern is that wage increases will start outstripping productivity gains. So far that hasn't been a problem but that's what people are looking for in this week's report.
- Doug Porter