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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (53987)	10/21/2004 12:17:01 PM
From: Skywatcher	Read Replies (1) \| Respond to of 81568

Don't put much stock in claims data, economist says By Rex Nutting WASHINGTON (CBS.MW) -- The drop in initial jobless claims to 329,000 in the latest week does not signal vast improvement in the labor market, said Steve Stanley, chief economist for RBS Greenwich Capital. "I think we would be well-served to ignore the claims figures, at least for another week or two," Stanley wrote to clients Thursday, noting the distortions caused by hurricanes last month and the Columbus Day holiday last week. "We think that the underlying pace of job growth is mediocre right now and will pick up once the election is behind us and (hopefully) oil stabilizes," he said, forecasting nonfarm payroll gains of 180,000 or so in October. CC