SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : News Links and Chart Links
SPXL 222.70+1.6%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jon K. who started this subject1/10/2003 8:50:16 AM
From: Softechie  Read Replies (1) of 29600
 
Employment report weaker than expected
Payrolls fell 101K vs the +20K consensus, led by a sharp 104K decline in retail jobs - not that surprising given the pessimism among retailers this Christmas (note that this will be offset somewhat by fewer layoffs in January which will boost adjusted numbers). The workweek fell to 34.1 hours from 34.2 in November, also weaker than expected. The unemployment rate and earnings were in line with consensus at 6.0% and +0.3%. Overall, this report is clearly weaker than expected, though as we noted before the report, there has been much volatility in this series through 2002 even though the trend in the job market was very steady - in fact it was and is almost dead flat. We seriously doubt that the employment picture is weakening further - it's more likely that this is just a continuation of monthly volatility without a real change in trend.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News