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Strategies & Market Trends : Sharck Soup

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To: CAPTAIN MORGAN who wrote (16846)	4/18/2001 12:40:55 PM
From: Softechie	of 37746

Initial Claims coming out tomorrow and it's going to be bad I believe. Fed is doing preemptive strike? Here's more: Highlights April 7 Initial Claims rose 9K to 392K -- a 5 year high. March 31 Continued Claims rose 71K to 2.565 mln Key Factors Widespread auto layoffs bulked up the weekly level. Initial claims 4wk average is the highest since April 1996. 4wk average is up 44% from a year ago. Continued claims 26%. Labor market conditions continue to rapidly loosen with no slowing evident. Big Picture The uptrend in unemployment claims is back on the fast track as the four-week average of initial claims stands at a five year high. Daily reports of large corporate layoffs, rising unemployment, the short workweek and the rapid rise in these weekly benefits claims all tell the same story as the bottom of the economic downturn still hasn't been confirmed and labor markets significantly lagging economic growth.

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