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Technology Stocks : Intel Corporation (INTC)
INTC 36.34-0.1%Dec 23 3:59 PM EST
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To: GVTucker who wrote (176994)2/10/2004 3:02:58 PM
From: chomolungma  Read Replies (1) of 186894
 
I don't think that's accurate at all.

On the contrary, it is very accurate.

The jobs numbers are revised for years to come. Look at the recovery in the early 90s.

Eventually, the Labor Dept.'s revision process, which can take years, catches up to reality. But the miss can be enormous. In the second year of recovery from the 1990-91 recession, for example, payrolls were said to have increased by just 300,000. After more complete information came in, especially from state records and tax reports, the data had been revised to show that 1.6 million jobs were added. Even by the third year of that recovery -- the point the U.S. economy is at in this one -- job growth was originally estimated at 2.2 million. Today, the revised number stands at 3.2 million.

sg.biz.yahoo.com
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