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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (271647)2/3/2006 6:13:54 PM
From: tejek  Read Replies (1) of 1575609
 
JF, And underemployment up to 50%.

LOL!

I wouldn't get too excited about that report......it was decent but far from stellar.......and its been preceded by a number of marginal reports.

And as it turns out, global warming may have had something to do with the good numbers:

"Contributing to the overall growth was the warmer-than-normal weather, which spurred construction projects in January. Average hourly earnings rose 0.4%, or 7 cents, to $16.41, seasonally adjusted. Average weekly earnings rose by $2.37."

Please also note.........the hours for the average work week remain unchanged. If things were improving that much, hours would be going up:

"The average workweek for production or nonsupervisory workers on private nonfarm payrolls was unchanged at 33.8 hours last month. The manufacturing workweek, at 40.8 hours, and factory overtime, at 4.5 hours, were also unchanged."
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