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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (7688)	3/15/2007 9:15:38 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 33421

Re : "Finally, unemployment will need to drastically rise for use to see serious concern about mortgage defaults in the prime markets. Unemployment is at near historic lows and has a long way to rise before it becomes a dramatic concern. Not saying it won't rise to those levels, but it isn't going to happen in the next 6 months." ------------------------------------------------------------- This is from the WSJ's list of various economists' comments on the last employment report : "Despite the Bush Administration's exhortations, this unemployment rate is hardly remarkable by historical standards. In November 2000, when George W. Bush won the presidency, unemployment was 3.9%, and the number and proportion of adults choosing to participate in the work force is lower today than in 2000. Today, were the adult labor-force-participation rate at 2000 levels, the unemployment rate would be about 6.1%. -- Peter Morici, University of Maryland" Jon.