June--buy low, sell high

[Ripsnort]

Market should be lower due to rise in interest rates upon this excellent economic news:
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={990E2D89-9BD3-4528-99A9-268D5FA9AA6C}

CBS Market watch:

8:30am 05/07/04  
 U.S. April nonfarm payrolls up 288,000 By Rex Nutting
WASHINGTON (CBS.MW) - U.S. job growth continued at a rapid pace in April. The economy created 288,000 new jobs and the unemployment rate fell to 5.6 percent, the Labor Department estimated Friday. Economists surveyed by CBS MarketWatch expected 172,000 new jobs and a jobless rate of 5.7 percent. March's payroll gains were revised higher from 308,000 to 337,000. The report could nudge the Federal Reserve toward raising rates at its June meeting. Job growth was widespread in April, with 61.7 percent of industries adding workers. Services added 246,000 while goods-producing industries added 42,000. Manufacturing employment increased by 21,000, the third straight increase following revisions.  
 

[Sixpence]

Well, you can usually judge economic times by the construction industry, when it goes south, it seems everything goes south. There seems to be plenty of work for the summer, I used to put up fences years ago and I have side work lined up for a few months. But a buddy of mine is in the electricians 103 in boston, he says that they are starting to layoff and are being told to brace for tough times. I talked to another friend of mine in the laborers local 22(malden), he says the same thing. I have no idea if it will happen, but I thought I would pass that along.

[Udie]

I'm having problems finding work in the civil engineering field here in Austin.  The company I just quit was real busy and getting more business everyday so I thought the industry was back.  OOOPS  one of those jobless recovery things everybody was talking about.  Companies have work but they're not hiring yet.

[Gunslinger]

give it time.  Actually in a few years there's gonna be a labor shortage like no one has ever seen.  Most big companys you see and even ALOT of govt/civil service is within a few years of retirement.  I saw an interview with the CEO of monster.com.

He was saying that there's 40 million baby boomers retireing soon and only 20 million to replace them.  Even if SOME of the boomers dont retire AND companys dont refill those positions....there will still be a shortage.  It was an interesting speach I wish I still had the link

PS sorry to hear you're jobless....been there, done that, Hated it.