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To: Tom C who wrote (34528)5/14/2005 3:46:02 PM
From: Oeconomicus  Read Replies (1) | Respond to of 90947
 
LOL. Enjoy yourself.



To: Tom C who wrote (34528)5/14/2005 10:00:56 PM
From: Hope Praytochange  Respond to of 90947
 
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If you look back over the last few years you see several examples of a big one month jump in employment that just seemed to be outliers
and that is what this one looks like. In particular,
it is in sharp contrast to both the ISM manufacturing and services surveys that showed employment growth weakening last month

Interestingly, even with the surge in employment average weekly earnings growth is still only 2.6% on
a year over year basis versus its peak of 3% last November.

epinet.org

While hourly wages grew at a similar pace as in recent months—up 2.7% over the past year—weekly earnings got a 0.2 tenths of an hour bump up to 33.9 hours per week, the highest level of weekly hours since September 2002. This pushed weekly earnings up 3.3% over the past year, slightly above the latest inflation readings, which have been around 3% per year. These represent the first real weekly earnings gains for production, non-managerial workers in recent months.