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Strategies & Market Trends : Guidance and Visibility

AAPL 247.97

-0.2%

Jan 23 3:59 PM EST

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To: ChrisJP who wrote (72196)	9/8/2002 1:49:38 PM
From: SusieQ1065	Read Replies (2) of 208838

the August 5.7% unemployment number .... Do you believe it ? lol, I bet I know your answer. i guess we can believe it, but a look under the headlines might make one suspect that next month's report may not be at all pretty... The Jobs Report was also more smoke and mirrors. The headline number showed 39,000 new jobs being created in August. What the headline number did not show was that 22,000 were hired as airport security personnel and 34,000 were teachers going back to work. Neither of these events are going to be repeatable next month. Also there was a huge number of temporary jobs added that will be phased out over the next couple months. 41,000 jobs were government related. 69,000 jobs were cut in the manufacturing sector alone. A key point remained that 53.3% of companies cut workers during August. If the government hires workers it may have created job but it does nothing to add to the GDP. Nothing gets manufactured or sold and no equity is built by hiring a clerk or airport screener. Yes, we need these government posts but it will not keep us out of a recession. These facts were beginning to make the rounds by Friday afternoon and likely contributed to the lack of enough volume to hold the rally at its highs. ~Optioninvestor.com

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