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To: CusterInvestor who wrote (14369)10/2/2003 4:03:53 PM
From: Threshold  Read Replies (1) | Respond to of 48461
 
This may have a little effect on it soon. Not a good one either.

investorshub.com



To: CusterInvestor who wrote (14369)10/2/2003 11:13:34 PM
From: John F. Poteraske  Respond to of 48461
 
Yep-Slight Uptick. Remember it's a lagging indicator :)



To: CusterInvestor who wrote (14369)10/3/2003 9:08:51 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Looks like we have a bull stampede this morn in the futures...
I think the numbers are bogus, but what the hell, I'll play along with everyone else...

WASHINGTON (Reuters) - U.S. employers added new jobs in September for the first time in eight months, the Labor Department said on Friday in a surprise twist for financial markets, which had been braced for more losses.
The number of workers on U.S. payrolls outside the farm sector grew by 57,000 last month, the first time since January that jobs were created and sharply contrary to Wall Street economists' forecasts for a 30,000-job loss. The unemployment rate was unchanged at 6.1 percent in September.

On another hotly awaited statistic, Labor said a preliminary measure indicated it will revise down its estimate of payroll employment by about 145,000, or 0.1 percent, for the March 2003 reference year when it issues benchmark revisions next February. That is smaller than the average 0.3 percent revisions it has made over the past 10 years.

The pickup in September employment, coming in the face of recent data that painted a mixed picture of economic activity, was certain to be welcomed by Bush administration officials anxious for some signs of turnaround ahead of presidential elections next year. Democrats have been zeroing in on the drain in jobs and sharp escalation in budget deficits since President Bush took office in 2001.