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

To: MythMan who wrote (3786)	4/7/2004 9:15:13 AM
From: mishedlo	Respond to of 116555

Pay up, jobs down Bay Area wages among nation's highest, but employment in the region still lags a few snips Tapan Munroe, chief economist for Capital Corp. of the West, a bank holding company in Merced, said the bureau's data help explain why housing prices in the region have continued to rise through the downturn. "What we are seeing here is that the people who have not lost their jobs are doing well,'' Munroe said. Charlotte Yee, a bureau spokeswoman in San Francisco, said the rebounding stock market may also play a role in boosting the averages because California factors stock-option redemptions into pay. "It makes average wages volatile in the Bay Area,'' she said. In fact, the report shows that average weekly wages in Santa Clara and San Mateo counties increased during 2003 even as both regions were among the biggest job losers in the nation. read the whole thing here: sfgate.com

To: MythMan who wrote (3786)	4/7/2004 9:15:52 AM
From: mishedlo	Respond to of 116555

The U.S. Import Price Index rose 0.9 percent in March, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Higher prices for both petroleum and nonpetroleum imports contributed to the overall increase. Export prices also rose 0.9 percent in March, the largest monthly increase in this index in nine years. bls.gov

To: MythMan who wrote (3786)	4/7/2004 10:12:23 AM
From: mishedlo	Respond to of 116555

German Feb manufacturing orders up 0.3 pct from Jan; consensus up 0.5 Wednesday, April 7, 2004 11:19:51 AM FRANKFURT (AFX) - German manufacturing orders rose a seasonally adjusted 0.3 pct in February from January, according to preliminary data from the Labour and Economy Ministry Economists had forecast on average a rise of 0.5 pct month-on-month In January, manufacturing orders fell 1.3 pct from December, revised upwards from the initially-reported 2.0 pct decline, the ministry said The rise in February was mainly due to a rise in domestic orders, which were up 1.2 pct after two months of decline, it said A 0.6 pct drop in foreign orders in February may have partly been due to the strength of the euro, and partly a correction from the strong expansion in the second half of 2003, the ministry said On a two-monthly basis, orders fell a seasonally adjusted 0.3 pct in January/February from November/December, with domestic orders down 0.2 pct and foreign orders down 0.4 pct fxstreet.com