This is a modest improvement, but we expect bigger improvements in the months ahead, as the labor market usually lags the economic cycle.

We've started to see a gradual improvement in the labor market, and that will slowly feed through to consumer spending and boost services more widely.

We give Wal-Mart credit for its labor (cost) improvement in the quarter and hope this can continue.

Given the continued improvement in labor and wage conditions of late and the likelihood that that will be sustained, consumer spending is most likely to lead the current economic growth until the present cycle ends.

It seems in a way that [Duisenberg] would have liked to hike already, but that he couldn't find a consensus in the council. He had very strong points that rates can only go in one direction. He cannot be clearer on that. Our view is that the Bank will move on March 30.

It looks like GDP growth forecast risks might be on the upside.