Quotes of the Day

“The trend of the last three months is clearly downward. The pace of layoffs is clearly lower.”
Thursday, Jan. 20, 2011

Open quoteThe trend of the last three months is clearly downward. The pace of layoffs is clearly lower.Close quote

  • CHRISTOPHER LOW,
  • chief economist at FTN Financial in New York City, after the Labor Department announced that the number of Americans filing for first-time jobless claims last week dropped more than analysts expected, to 404,000
Photo: David McNew / Getty Images | Source: REUTERS