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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (14904)	11/5/2004 11:00:41 AM
From: mishedlo	Read Replies (1) of 116555

´Unquestionably stellar´ U.S. jobs report: Economy.com Friday, November 5, 2004 2:22:58 PM afxpress.com 'Unquestionably stellar' U.S. jobs report: Economy.com WASHINGTON (AFX) -- "This report will go a long way toward alleviating concerns that the labor market is slowing," said economist Hasseb Ahmed of Economy.com after the Labor Department reported U.S. nonfarm payrolls rose by 337,000 in October. "Overall, this was an unquestionably stellar report." October's gains -- combined with upward revisions to August and September data -- "markedly change the recent trajectory of payroll growth." A rate hike from the Fed in November "is virtually assured and another 25 basis points in December is extremely likely."

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