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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Ian@SI who wrote (11690)	9/18/2003 4:33:22 PM
From: Donald Wennerstrom	Read Replies (3) of 95530

Ian, That's right - 6 percent was considered a pretty good number, however, once they found out they could go to 4 percent and not affect inflation, that is the new "benchmark". And of course, with the rising population in this country, in terms of actual numbers, 6 percent now means a lot more people out of work now than then. I don't know how "experts" in this field of employment look at these numbers. A question I would ask is - as population grows in a country, should the percent unemployment number go down. As an example, if a country has 100M people in the labor market, an unemployment rate of 4 percent means that 4M are out of work(a big number by any measure). How about if the labor market goes to 200M and the unemployment number stays at 4 percent - this means that 8M are now unemployed. Is it reasonable that the unemployment number should go to 2 percent so the number of unemployed stays at 4M? I don't have any clue as to the right answer. Don

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