Joseph Abate

Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption read more

Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption strong.

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

There has been some spotty signs of a cooling in the broader housing market.

There has been some spotty signs of a cooling in the broader housing market.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a read more

Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a post-holiday boost.