Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	7/5/2002 8:44:24 AM
From: nsumir81	Read Replies (1) of 99280

Note CNBC's rendition of the employment report,,THEY show the top number (in a series of 3 numbers in their snapshot) of non-farm payrolls as UP (with a green up arrow) at 36 K (Below consensus). The next number in the middle is the unemployment rate which is 5.9 % (now that was unchanged from the consensus but up nevertheless). However, it does not get an up or down arrow. (depending on how you look at it ..employment vs unemployment) The last number was either the average workweek or average hourly earnings. Both were up, so the third number got a green up arrow too. This is as I remember in that snapshot that just flashed on the screen (will be shown again several times today, I am sure). Bottomline: Add green arrows where you need them. Leave the others unchanged if not in favor of the major message of the day. jmho From the Briefing.com 08:33 ET S&P futures vs fair value: +8.0. Nasdaq futures vs fair value: +18.0. Results of the June Employment Report were somewhat weaker than expected but not altogether bad: Unemployment rate 5.9% vs the 5.9% consensus, non-farm payrolls rose 36K vs the consensus estimate for a 75K rise; avg hourly earnings up 0.4% vs the 0.3% consensus. 08:33 ET Employment Report near expectations The 36K increase in nonfarm payrolls was below the 75K consensus, but that miss is within the margin of error for this report, and was offset to some extent by the one tenth increase in the workweek to 34.3 hours. The unemployment rate rose a tenth to 5.9% as had been expected. This report does not change Briefing.com's view of the economy; the recovery is still underway, but it remains sluggish. There has been a slight downtick in futures on this report, but the opening indications are still firmly positive.

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