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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (39492)	9/6/2002 9:03:20 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 52237

Employment came in higher than expected. Futures are up on news of reduced unemployment (5.9%-->5.7%). Job growth in July was adjusted upward by 1100% (6,000-->67,000). But some details of the jobs report are troubling. While government, services, and construction are up, factory and retail are down. If I were a manufacturer trying to decide if I should increase investment in plant and equipment, I wouldn't find much support in these numbers. I would remain cautious. Drop in retail employment is consistent with reports of unexpectedly poor August retail sales--a sign that the consumer is pulling back.