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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (43782)	6/1/2001 4:06:40 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56535

Good luck, Max. Make sure they don't cut out the part of your brain that makes you ornery. We'd miss that. The operation is on the 6th, isn't it? My eldest son's University convocation is that day. Time sure flies. See you in 10 days. CD

To: LTK007 who wrote (43782)	6/1/2001 5:32:59 PM
From: Dale Baker	Read Replies (1) \| Respond to of 56535

Good luck, Max. I will leave you with a chunk of government-speak on employment data to mull over. More power to you if it makes any sense: "The latest statistics show that 6.2 million people were looking for work last month. The highest unemployed groups were teenagers (13.6 percent), blacks (8 percent) and Hispanics (6.2 percent). The jobless level has been on a steady rise since September, when the unemployment number fell to 3.9 percent, the lowest in three decades. Businesses, faced with a sharply slowing economy, have been stepping up layoffs. The number of jobs "is probably the most important factor in consumer spending," said Oscar E. Gonzalez, an economist at John Hancock Financial Services. "If you lose your job, forget about confidence in what is happening around you." The number of discouraged workers — those who are not counted in the unemployment rate because they told government surveyors that they believed no work was available and had not looked for a job for four weeks — totaled 325,000, a decline from 346,000 in April but significantly higher than the 282,000 such people the government counted a year earlier. The total number of people counted as 16 years or older but not in the labor force rose to 70.4 million, from 70.275 million in April and 68.975 million a year earlier. The new figures issued by the Bureau of Labor Statistics today showed that more jobs were created in the last 12 months than were originally reported. Instead of declining, payrolls rose by 59,000 in March and fell less than previously reported in April. "After revision it's still clear that the labor market weakened considerably during the past nine months, but not quite as deeply in the last three," Bruce Steinberg, chief economist for Merrill Lynch, wrote in a research report today. "So for the year-to-date, employment growth is actually a bit weaker than originally reported." (NYT) All subject to revision next month too, FWIW.