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  1. 01-10-2010, 10:00 AM #1
    AirborneSapper7
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    Jobless Data Shock Signals Imminent Market Plunge

    Jobless Data Shock and Stocks Diamond Formation Signals Imminent Market Plunge

    Stock-Markets / Financial Markets 2010 Jan 10, 2010 - 05:56 AM
    By: Anthony_Cherniawski
    Stock-Markets

    The U.S. unexpectedly lost 85,000 jobs in December and revisions showed payrolls increased the prior month for the first time in almost two years, indicating improvement in the labor market will be halting. Payrolls decreased last month after a November gain of 4,000, figures from the Labor Department showed today in Washington. The median estimate of economists surveyed by Bloomberg News projected no change in December employment. The jobless rate held at 10 percent.

    Not mentioned in the article is that October payrolls were revised down from -111,000 to -127,000. The CES Birth/Death Model added 64,000 hypothetical jobs to the ranks of the employed. If the “discouraged workersâ€
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  2. 01-10-2010, 11:50 AM #2
    kathyet
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    Thanks AirborneSapper7 good read..

    Kathyet
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