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Strategies & Market Trends : The New Economy and its Winners

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To: chomolungma who wrote (19882)	3/16/2004 4:13:19 PM
From: Lizzie Tudor	Read Replies (2) of 57684

My gut tells me that the real employment situation isn't nearly this bleak and that we've probably been adding about 100,000 jobs a month lately. Where do you get that idea? I don't get that sense at all. My contacts tell me things are not better, or they are worse. Of course I come from high tech- still, tech is one of the most vibrant US business sectors. I have a bunch of queries in hotjobs for various metropolitan areas and things appear flat. As far as household employment I suspect that is just measuring the people who choose to try to make a go of day trading vs. persuing their only other opportunity of a low paid retail job. The good news is that despite Greenspan's insistence that things are coming along just fine, a bunch of economists are starting with some dissenting opinions. So at least people are thinking about whats happening. I suspect the US economy was strong enough to handle the dislocations of trade until the internet came along. Now trade is bringing us down. Of course if we had better trade negotiators that would help.

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