The job market is slowly tightening. We are wringing out the slack. But we're only six months into a process that could take a year and a half.

This decline [in the jobless rate] is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.

Unless we have six months of a healthy market, generally the IPO window does not open up. At this point, it doesn't look very favorable.

I think the process is moving along nicely and has moved along nicely in the past six months or so. I think we're at a resolution.

I said, to be a New Yorker you have to live here for six months, and if at the end of the six months you find you walk faster, talk faster, think faster, you're a New Yorker.

You'll drive yourself nuts. It's a crazy process. It's a job interview for four months. For four months, you've got to be perfect.