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

To: russwinter who wrote (6764)	2/2/2004 4:44:15 PM
From: yard_man	Respond to of 110194

re CI: he's good. he follows this stuff quite closely -- however, even if the job report comes in looking better due to such an adjustment -- I think the market will be more responsive to the next "prominent" round of layoffs. IMO, for jobs to drive the market higher it would have to be exceedingly good news and include real wage growth ...

To: russwinter who wrote (6764)	2/2/2004 5:06:53 PM
From: mishedlo	Respond to of 110194

Without going into significant explanatory detail, since retail employees were not hired during the holidays, in turn they will not be around to fire in this and next month. Statistically, the BLS seasonally adjusts the data for normal retail attrition post the holidays. Attrition that won't be there this year. Be prepared for retail to perhaps be quite additive to January and February labor numbers based on this adjustment process. Just a word to the wise. This sounds like a statistical anomily not job growth.