JCMach1
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Sat Apr-03-04 04:17 AM
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My take on the latest job numbers... |
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Unemployment ticked up .1 %
108,000 of the 'created' jobs were service sector (mainly McJobs).
The housing/construction sector also factored fairly heavily.
I think employment still remains flat until the end of the year. For example, when business starts hiring the FED has threatened to raise interest rates. This will have a VERY negative affect on the Construction sector. As rates rise, construction will slow (if not crash). Remember, we have been at historic highs for construction.
Until industrial procduction is stronger and the manufacturing jobs tick up, the economy remains what it was... STAGNANT.
The Bush stagnation continues.
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coloradodem2005
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Sat Apr-03-04 05:30 AM
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The Bush stagnation continues until Bush is gone.
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displacedtexan
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Sat Apr-03-04 07:29 AM
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2. Most Spring housing construction is based on speculation. |
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Builders and developers build 'spec' houses each year and hope that the houses sell. It's a truly risky biz, especially in areas hit hardest by job losses.
If buyers either can't or don't invest in new houses, those building 'jobs' created may not be there in June because the builder/developer has to foot the bills for those spec houses. Then what?
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JCMach1
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Sat Apr-03-04 01:53 PM
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3. Precisely and if the FED raises rates!!! |
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