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

To: westpacific who wrote (64930)	3/30/2007 10:59:52 AM
From: Oblomov	Read Replies (1) \| Respond to of 116555

>>Next week fireworks to begin. You mean, next week the bears will be blown up in a dazzling burst of colour, much to the delight of the bulls?

To: westpacific who wrote (64930)	3/30/2007 1:30:20 PM
From: Haim R. Branisteanu	Respond to of 116555

NYC business conditions fall in March By: Kira Bindrim Published: March 30, 2007 - 12:12 pm Business conditions in New York City cooled in March after two consecutive monthly gains, according to a survey of purchasing managers released Friday. The business conditions index fell to 49.3 in March, according to The National Association of Purchasing Managers-New York report on non-manufacturing activity. The figure reversed a two-month upward trend and is a marked drop after a period of significant growth; the index climbed 54.9 in January from 53.6 in December and, jumped again to 57.6 in February. Numbers above 50 represent economic growth, while figures below 50 suggest contraction. The index often precedes local employments trends. NAPM believes that although city payrolls have yet to recover completely from jobs lost in the 2001 recession, job growth does appear to be picking up. The state Labor Department said Thursday that the city's unemployment rate remained below 5% for the seventh consecutive month in February. The seasonally adjusted rate, which reflects the number of people actively looking for jobs, declined to 4.8% from 4.9% in January. The NAPM outlook index, which measures the business attitude over the next six months, also fell, dropping to 50 from 70 in February, a low it hasn't reached since April 2006.