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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (22799)	12/3/2004 2:48:40 PM
From: ild	of 110194

Payroll numbers northerntrust.com Household Survey – The civilian unemployment rate declined one notch to 5.4% in November. A surge in employment (+483,000), a jump in the labor force (+439,000), and an increase in participation rate (66.1% vs. 65.9% in November) were the highlights of the household survey. Clearly, these numbers present rosier conditions in the labor market compared with the message from the establishment survey. Establishment Survey – Nonfarm payrolls increased 112,000 in November, after downwardly revised gains of 303,000 and 119,000 in October and September, respectively, (previously reported as an increase in payrolls of 337,000 in October and 139,000 in September).

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