Go to Jeff Salisbury LWGate Home Page.From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sun, 7 Jul 2002 13:00:38 -0700
Next Article (by Author): Re: [CANSLIM] Screening "Tom Worley"
Next in Thread: Re: [CANSLIM] Worley's Weekend Weeview "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
- ----- Original Message ----- From: "Fred Richards" <adrich@gte.net> To: <canslim@lists.xmission.com> Sent: Saturday, July 06, 2002 1:43 PM Subject: RE: [CANSLIM] Worley's Weekend Weeview > Tom, > > The second revision for April shows that there was an actual loss of jobs in > April versus the original and first revision numbers. > > Now that the expectation of 75,000 new jobs being created was originally > considered to be only 39,000, I wonder what the first and second revisions > will do to that number. > > In addition, the number of announced layoffs was over 10% higher than the > previous month. > > Doesn't necessarily sound like an improving economy, just more spin. I'd like to add: Having been in the manufacturing sector over 25 years (aerospace machining), I can tell you we are in the worst economic depression this sector has ever seen since I've been working. Several of the large US machine builders are ready to fold. Here in Los Angleles there are an average of only one to two positions for machinists in the LA Sunday Times (usually low paid entry level). Engineering positions are not much better. Even scarier is the transition out of this sector of the most highy skilled folks into the service industries. They are leaving in droves. If and when the manufacturing economy picks up, the cost of goods will be steep as the supply of skilled workers and available shops and machine tools has dried up. So maybe the economy as a whole is picking up - I'm just afraid that economists include the folks that say," You want fries with that"? as someone who "manufactures" somthing. - -Bill - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] Screening "Tom Worley"
Next in Thread: Re: [CANSLIM] Worley's Weekend Weeview "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]