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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (47215)	9/5/2003 9:53:02 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

The decrease in payrolls was the largest since March. Economists had expected a small gain in payrolls of about 19,000 and had forecast that the jobless rate would hold steady at 6.2 percent. so another great economist's forecast, just like the weathermen... the only "good" thing is --relatively speaking-- is that it still is in the 6's. On the other hand, the increase in unemployment has to start somewhere... let's see what happens when it gets to the 7's and 8's. Manufacturing firms cut 44,000 jobs, government axed 26,000 and professional services eliminated 28,000 jobs. ouch, ouch and ouch... well, one has to look at the positive, and I suspect interest rates are not going anywhere for a while... Health services added 25,000 jobs, construction added 19,000 and temporary help services added 7,000 jobs. the future... ? hmmm take out construction (since at some point, the incremental unemployment will stop residential real estate where I suspect that those construction jobs are coming from, as I doubt commercial real estate construction is "booming") so... taking care of the increasing old fart population and temp jobs is where employment will be, as for the rest... Mandaring teaching would be a good job to have.... -g