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

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To: patron_anejo_por_favor who wrote (22837)2/4/2005 8:54:47 AM
From: mishedlo  Read Replies (2) of 116555
 
bullsh*t of the day
U.S. Jan. unemployment rate falls to 5.2%
Friday, February 4, 2005 1:45:16 PM
afxpress.com

WASHINGTON (AFX) - The U.S. unemployment rate fell from 5.4 percent to 5.2 percent in January, the lowest since September 2001, the Labor Department reported Friday. Nonfarm payrolls increased by 146,000 to a seasonally adjusted record of 132.573 million, as employment broke the February 2001 peak for the first time. With the payroll increase and an upward revision to past data, job growth in President Bush's first term totaled 185,000. Economists were expecting payroll growth of about 189,000, according to a survey conducted by MarketWatch. The jobless rate was expected to remain at 5.4 percent.
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