Friday, January 09, 2004

Unemployment at 5.7%

Good news.

On the other hand, the total number of jobs increased by only 1,000, and what's driving the unemployment rate drop is people leaving the labor force in droves.

... the more I look at the numbers the more it's "bad news." The real story is the lack of continued job growth.

... stock futures tumble. The dollar had gained in foreign markets, one wonders what this news will bring...