Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (195239)	10/4/2002 9:19:11 AM
From: MythMan	Read Replies (1) \| Respond to of 436258

U.S. Payrolls Show Surprise Drop in September By REUTERS Filed at 8:38 a.m. ET WASHINGTON (Reuters) - The U.S. economy shed jobs in September for the first time in five months, the government said on Friday, in a report that may add to doubts about the vigor of the U.S. recovery. Payrolls outside the farm sector fell by 43,000 -- in contrast to the 5,000 gain private economists had predicted, the Labor Department said. But in another unexpected development, Labor also said that the unemployment rate fell to 5.6 percent in September from 5.7 percent in August. Although economic forecasters look to both the payrolls series and the unemployment rate as gauges of the job market and the overall economy, many put more weight on the signals offered by the payrolls survey. An economist with the Labor Department's Bureau of Labor Statistics there was no single factor that could explain the discrepancy between the two series. ``They are two different surveys. They measure two different things,'' BLS economist Howard Hayghe told Reuters. September marked the first payroll decline since a 21,000 job loss in April. Offsetting some of the gloomy news in the September figure, however, was a sharp upward revision in August payrolls to a 107,000 gain from a previously reported 39,000 increase.