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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1372)3/6/2004 5:44:54 PM
From: russwinter  Read Replies (1) | Respond to of 116555
 
<we have unit labor costs running at a -2.3% y/y rate.>

Any idea what source he uses for this number? Looks wrong. The last three salaries paid number in the employment reports shows wage inflation picking up too. Add that to 20-30% input goods inflation, and it's really hard to figure where so many of these guys like Mauldin are coming from?:
Nov: + 0.1%
Dec: +0.3%
Jan: +0.2%
3 month annualized +2.4%

Also very robust over time hours.


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