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

To: Robert Douglas who wrote (3114)3/30/2004 10:59:58 AM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 116555
 
but this is the way the numbers have always been counted. Those 70K workers subtracted from the payrolls when they went on strike and so they will add to the payrolls when they return.

still, there is some duplicity here, as the striking workers were never counted as unemployed, even as their temporary replacements were counted as new workers. so the unemployment rate was overstated while they were on strike.



To: Robert Douglas who wrote (3114)3/30/2004 11:00:26 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
The main point is where do we get 70,000 next month from.
One big month with a huge % of it from returning striking workers is not exactly a sustainable trend.

Mish


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