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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (1944)	11/7/2003 11:06:53 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

As I've said several times here, this is the only one (wages subject to withholding) I'm using, anybody care to pick it apart? fms.treas.gov It seems pretty pure, I don't trust the headline numbers like today's. I've decided to just calculate two weeks at a time, to smooth out noise. Just compare Friday to Thursday this year to last, then do a four week trail. Should give you a real time picture on actual wages. I've been posting the numbers regularly, and it's not nearly as pretty as the headline numbers suggested and used by others. I think you are right, what good does a hundred thousand (if accurate?)extra "service" jobs do when withholding wages nationwide in October fell 2.6%? Notice that the USD is slipping after this employment report. Darn the Japanese will have to buy some bonds again. Keeps it from breaking the lows a little bit longer.