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To: pezz who wrote (39138)	10/3/2003 11:15:04 PM
From: Bid Buster	Read Replies (3) \| Respond to of 74559

Table A pretty much supports what he said..Little change in the last 3 months, after all unemployment is still at 6.1% eh?.. bls.gov

To: pezz who wrote (39138)	10/4/2003 3:31:17 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

<<evidence do you have to support this statement>> The same evidence I shown when I said that there was no WMD in Iraq. When you have lived and worked over 50 years in all continents and bunch of disparate countries, you know deception from 10Km away and against the wind. But you've got to have the right type of wired brain. By the way: WMD stands for Weapons of Mass Deception.

To: pezz who wrote (39138)	10/4/2003 10:35:24 AM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

Industries analysts must be real super dumb. Their average consensus (for minor decline in new jobs and minot rise in unemployment) was way off from the government report.

To: pezz who wrote (39138)	10/4/2003 10:53:59 AM
From: maceng2	Read Replies (1) \| Respond to of 74559

Comments From Far And Wide Author: Jim Sinclair [OK, I know its Sinclairs site, but what is wrong with this info? sounds about right to me...pb] jsmineset.com Fellow trader and Gold Warrior in the pits, Dan N out of Houston, hit the nail on the head with his fax to me today which I am presenting below in its entirety. “Jim, I want to share with you a few of my thoughts on the Jobs Report which was the tool utilized to run the stops and therefore to attack gold today. We both know that anything coming out of Washington today is suspect. However, out of respect for the office of the President, let us suppose these new jobs were actually created. Where and in what industries were they created? Was it in manufacturing where 2,700,000 jobs have left the United States? Did that icon of the old West, Levi Strauss, hire these workers? Was it the service industries that provided these new positions of employment? You can be sure that the increase in employment was not in the professional sector, not in the manufacturing sector, but rather in the retail sector. I have two friends who both work for a major computer builder and have positions high enough to be quite knowledgeable of corporate moves. This company will make known to their employees that another 2000 will be let go next week. The category of employee to be let go is significantly up the corporate ladder so the local headhunters will have another wave of unemployed knocking on doors. Just look at the news of how many companies are announcing layoffs. Have you looked at the public figures on employer want advertisements which have broken down sharply from a major top formation technically and project significant new lows coming? When firings occur as I am witnessing here there are no positions available that offer comparable employment. The only alternative for people with obligations to pay and families to support is positions at Wal-Mart, Lowes, Home Depot and the local fast food outfits. These men and women are taking menial positions at substandard pay in an attempt to make ends meet. Their jobs have been outsourced to India & China and may well never return. The government counts these positions as new jobs and points toward today’s, in reality, sad statistic as heralding the new beginning of an economic recovery for the US economy. I am surprised that any public having seen so much alteration of truth in public statements accepts today’s statistics as heralding anything except more of the same. I will wager you that there will be a downward revision of this figure next month as is common. My take on all this can be expressed in the following terms. Nothing whatsoever has changed in relation to the current economic climate. The triple US Deficit is growing. The Bernanke Federal Reserve Electronic Money Creating Machine is on full blast and is going to remain on. All 16 reasons you review for us the John Embry presented that substantiates gold at much higher prices remain unchanged by the retail industry job figures. The five golden keys you spoke of in the recent interview you gave the Northern Miner are underpinning a major long term bull market for gold and technically gold’s downside objective for such an occurrence as this was the mid- $360’s and it got almost there intra-day today. I, like you, stepped into the fray and made my commitments. I still have fire power and will not hesitate to step in again if some loonies really buy into this electioneering occurring in the economic figures. This is nothing more than a technical reaction extended in size and compressed in time by the understandable advantage being taken by the bleeding shorts hoping against hope to break the back of the bulls. My back is fine. I know yours is and we are both itching for the battle Monday morning. I see $360 - $363 as the absolute bottom if we have not already seen it today. I would not be surprised in the least to see gold turn on a dime and rocket back up as fast as it fell or faster. From one ‘not so old war horse’ to Jimmy, ‘older than dirt,’ see you Sunday night when Down Under and HK open and lets bag’em and tag’em, the second we see advantage swinging back to our side. Best, Dan” ----------------------------------------------------------- Dear Dan: Right on every word. Proud to know you! Prouder to call you a friend! May good fortune support your every trade. Your Fellow Traveler, Jim -----------------------------------------------------------

To: pezz who wrote (39138)	10/4/2003 11:09:46 AM
From: maceng2	Respond to of 74559

Many people have commented that the employment number is jiggered with all the time. A number announced to make it look good. Then it is later revised upwards to near where is should be, so the next announcement can say unemployment dropped. Wash, rinse and repeat.. Message 19008445 it's getting very old.. Message 19369036 Message 19367666 Message 19347619

To: pezz who wrote (39138)	2/19/2004 4:16:01 AM
From: elmatador	Respond to of 74559

White House retreats on employment forecast By Alan Beattie in Washington Published: February 18 2004 19:41 \| Last Updated: February 18 2004 23:34 Jobs again took centre stage in the political theatre of the US presidential election on Wednesday when the White House avoided backing its own recent forecast for employment, prompting Democrats to react with scorn. At a press briefing in Washington, Scott McClellan, White House spokesman, declined to endorse the recent forecast from the White House Council of Economic Advisers (CEA), which predicted that the average level of jobs this year would be 2.6m higher than in 2003. "The number-crunchers will do their job," he said. "The president's job is to make sure we're creating as robust an environment as possible for job creation." "I'm not a statistician. I'm not a predictor." George W. Bush He quoted president George W. Bush as saying: "I'm not a statistician. I'm not a predictor." The retreat marks the White House's second economy-related clarification this month. Last week, Greg Mankiw, CEA chairman, remarked that the outsourcing of US jobs overseas was "probably a plus for the economy in the long run". The comments provoked outrage from both main parties - including Dennis Hastert, the Republican Speaker of the House - and from powerful manufacturing groups. Mr Mankiw later called job losses due to overseas outsourcing "regrettable". John Kerry, the frontrunner for the Democratic nomination, yesterday poured scorn on the administration for its job forecasts. "Now George Bush is saying he's going to create 2.6m jobs this year alone - and his advisers are saying, 'What, you didn't actually believe that, did you?'," Mr Kerry said. In reality, according to White House staff, the forecast - which was based on data available at the beginning of December - predicted job growth of 325,000 a month. That would imply nearly 4m net new jobs over the course of 2004. Some economists have said that the forecast relied on an unrealistic slowing of productivity growth, to well below its average over the past few years, in order to generate higher job growth for a given rate of economic expansion. The forecast envisaged productivity slowing to 1.4 per cent this year from an average growth rate of 4.2 per cent last year. Unless job growth picks up in coming months, as many economists think it will, employment is likely to prove one of the main battlefields in the presidential election in November.