John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Logain Ablar who wrote (3694)	4/5/2001 12:18:13 PM
From: John Pitera	Read Replies (2) of 33421

Tim, there are definitely plenty of crosscurrents The Challenger umemployment numbers were high The surge to 163K in March corporate layoffs as measured by Challenger leaves the strongest monthly pace since 1993. The level is 60% larger than Feb's high level and three times the size of a year earlier. Challenger reports that the sectors hardest hit are electronics, telecom, computer and autos. By region the West (telecom, Internet) is hit the hardest followed close by the Midwest (autos, manufacturing). The surge in reported layoffs hit in December with no sign of let up. Its the same labor market unwinding seen in the weekly claims report and watched for in tomorrow's employment report. Take a look at today's Bond Brief which runs over the risks and trends in the all-important employment report. .

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