Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Silver_Bullet who wrote (12620)	8/1/2003 10:05:00 AM
From: Bucky Katt	of 13094

There are no new jobs, period. Ok, maybe in China & India. And any uptick in productivity is the result of the people who still have a job doing the extra work of those that have been canned. This is a brewing death spiral for our standard of living. ____________________ WASHINGTON -- The unemployment rate declined in July after hitting a nine-year high in June. Still, payrolls declined for a sixth straight month as layoffs persisted in the manufacturing sector. The unemployment rate dropped two-tenths of a percentage point to 6.2% last month, the first decline since January, as the labor force shrank by 556,000, the Labor Department reported Friday. Nonfarm-business payrolls declined by 44,000, raising the number of jobs lost since the start of the year to 486,000.

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