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Reply #2: The DOL has dropped the estimate of total employed under program [View All]

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 08:07 AM
Response to Reply #1
2. The DOL has dropped the estimate of total employed under program
So they know the crap they put out is just to make the media happy and busy.

But it is a lock that tomorrows jobs report will show around 200,000 new jobs in April - and it is a lock that they will all be temp/part time.

I'm in DC until Monday - but I look forward to what the internal numbers in tomorrows report will show. Of late the only "good" news was because of deficit spending by the Gov - hell of a way to maintain a no jobs growth economy.

I suspect the interest rate game to improve, even as rates increase, as the "hurdle" rate for new investment gets easier to meet - and all this because folks are begining to factor in a Kerry win in Nov.

The same thing happened - and Greenspan noted in Aug 2001 - when Bush locked down the USSC vote in Dec 2000.
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