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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (16153)	12/26/2001 7:54:01 PM
From: Bruce A. Brotnov	Respond to of 99280

wstera, >>Since the terrorist attacks on Sept. 11, U.S. companies have announced 624,411 job cuts, more than the 12-month totals for every year from 1993-1997, the job placement firm said.<< Could you or someone explain how in the midst of the Clinton era and month after month how new unemployment was over 300,000 (per week I bel1eve) which one period I had calculated would have added up to some 10 million jobs. Is there a disconnect here somewhere? I realize that unemployment does not exactly equal job cuts 1:1, but there should be some correlation. Bruce

To: Sully- who wrote (16153)	12/27/2001 4:40:27 AM
From: Psycho-Social	Read Replies (1) \| Respond to of 99280

Record Layoffs: Traders and investors can't make money reacting to old data. Initial Claims for Unemployment have continued to trend generally lower since their peak at 505 thous/wk centered in early October. It's the most comprehensive and timely barometer of current economic trends available and confirms a gradual moderating of the recession.