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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (16118)	6/5/1999 12:34:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Hi Hiam.... the employment number was great...great for the country and the markets.... if you take the totals from Jan thru May..and divide..you'll see the numbers each month were BELOW 200,000...for 1999 now if you check last years numbers..they were OVER 200,000...1998 as for wage presure..3,6% is nominal, over 4.4% would be inflationary...

To: Haim R. Branisteanu who wrote (16118)	6/5/1999 6:44:00 PM
From: Les H	Respond to of 99985

A seasonal adjustment lowered the employment growth figures by over 200,000. The Washington Post business section had an article in Saturday's paper. Normally, the construction industry has to lay off workers in late Winter and rehire in April. That didn't happen due to mild winter and strong construction. washingtonpost.com "Some of the May drop-off could also reflect one-time anomalies in hiring patterns and government scorekeeping. For example, while construction jobs rose a strong 200,000 during the month, that was recorded as a 40,000-job drop below the seasonally-adjusted expectation for May, when construction hiring usually picks up. Several economists noted that mild weather prevented many of the usual winter layoffs, which meant that many of the workers who would usually be rehired in May were already working."