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To: jbn3 who wrote (24404)	12/7/1997 7:52:00 AM
From: Lee	Respond to of 176387

jbn3, Good morning, The numbers represent hourly wages because for one thing I remember when the second part of the hourly minimum wage amount kicked in Sept. 1, I was looking for a distortion reflected in the numbers in the Oct. report but was surprised that it did not make a difference. BLS and a lot of other reporting agencies nearly always come back with revisions too. I included a link for that report below. The reason I'm suspicious is that if they can report "bond friendly" numbers for the current report, then the bond market equilibrium is relatively undisturbed and upward revisions, when posted, are already 2 months old so the market essentially ignores them. I guess this is a jaded opinion but then a lot of the reports don't really illustrate the economic strength of this country. stats.bls.gov Happy reading, Lee