Quotes from the news wire:
The bigger question will be determining whether this deterioration in labor market momentum is part of a broader inflection point for the economic recovery, this is the Fed's 'known unknown,' and a risk management approach will require more patience to assess the incoming labor market data for an answer to the question of whether this is a realignment in the labor market dynamics to a more sustainable path, or a more worrying relapse in the recovery.
It adds to the disconcerting trend seen in other manufacturing sector indicators that have been consistently pointing to a lingering stagnation in U.S. manufacturing sector activity, while we believe that the dissipation of the various headwinds buffeting this sector should result in a meaningful rebound later this year, the timing of this seems farther into the horizon.
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