It's critical that the labor market start to show unambiguous signs of strength. It's a necessary condition for the recovery to be on a self-sustaining path.

Some of the other indicators are suggesting more strength than we see in payrolls. Whether that will be rectified with revisions, or simply with stronger numbers going forward, it's hard to say -- but I would anticipate that, at some point the payroll numbers, will be stronger.

The jobless claims drop shows good strength in the labor market at the end of the year. It shows that the economy has recovered after the hurricanes and is heading into the new year with good momentum and good job prospects.

We are still seeing strength in the labor market with wages rising. We are waiting for further declines before buying.

[There's a reason why politicians are telling the American people to do the right thing and get to the mall.] Consumer spending is the 800-pound gorilla when you're talking about the economy, ... It's two-thirds of the economy.

We think we're going to see recovery by second half of the year and that growth can be quite brisk,