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

To: orkrious who wrote (25001)	3/6/2005 12:52:52 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

mish, 100k was the "adjustment" this month, but -280k was the adjustment last month. the net adjustment was 380k, so we lost actual jobs last month Message 21101888; I do not buy that math. It is double counting. The -280 we lost last month was reflected in last months total otherwise it would have been higher. You have to look at this month to month. I think you are attempting to double count -280 In other words this month we gained 200K jobs, half of them more or less were assumed. Last month jobs gained would have been enormous had it not been for the adjustment. Then again, that adjustment corrected a lot of previous assumptions that probably never occurred. I would not mind being proven wrong but I think I described how it works. At any rate we have 500K in mass layoffs coming up in the second half of this year. Ig housing gets ugly at the same time we are going to see some horrid numbers in the second half. Mish