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The granddaddy of monthly economic reports is the federal reading on the employment situation. To call this a single report is deceptive. It actually has a bunch of moving parts that, on their own or as a group, can move stock and bond markets.
It's easy to think of the report in four parts. The first is non-farm payrolls, which tracks the month-over-month change in the number of jobs in the U.S. that don't involve milking cows or picking lettuce. Then comes the unemployment rate, which is the percentage of unemployed people as it relates to the total workforce.
The third component is the average hourly earnings change, which tracks how much more or less money U.S. workers are making. Finally, there's the average work week, which counts the number of hours non-farmers work.
Like most data reports, the unemployment one has its flaws. For one thing, it tracks non-farm payrolls, which means that a lot of folks who work off the land -- or, more to the point, are not currently working off the land -- are excluded. Also, if you¿re a consultant or small-business owner (a big part of the current economy), you¿re not counted. On the flip side, you can be double-counted if you hold down two jobs. That's one of the reasons why it's common to see non-farm payrolls drop (suggesting higher unemployment) but the unemployment rate shrinking (suggesting higher employment).
The impact of the Employment Situation report often depends on the mood of the markets. Take the wage component. If stock and bond traders are worried about inflation, an unexpected rise in hourly earnings suggests wage inflation and, ergo, can scare people. But, that same spike could be welcome if traders are more worried about a slowdown in consumer spending. Higher earnings mean more spending power.
Look for the employment report on the first Friday of every month at 8:30 a.m. EST.
Home / Markets / Industries / Finance
Friday, May 09, 2008
Crown Equity Holdings Inc. Announces Resellers' Agreement with ABIT
Comtex
Las Vegas, NV, May 09, 2008 (WORLD STOCK WIRE via COMTEX News Network) ---- Crown Equity Holdings Inc. (OTC Bulletin Board: CRWE) announces today that its wholly-owned subsidiary, Crown Trading Systems, Inc. has entered into a reselling agreements with ABIT, a manufacturer of motherboards, as well as multimedia, peripheral cards, server technology, and barebones systems.
Crown Trading Systems is in the process of updating its websites to provide a virtual store front where customers can purchase products from all of the above vendor through Crown Trading Systems http://www.crowntradingsystems.com and CTS Products, the Company's trade name, http://www.ctsproducts.com.
Crown Equity Holdings, through its wholly-owned subsidiary, Crown Trading Systems, Inc., designs and manufactures multi-monitor computer systems (http://www.youtube.com/watch?v=pLKmsJTLPtM) for financial traders, audio/video professionals and security surveillance specialists, as well as designing multi user computer systems (http://www.youtube.com/watch?v=FOq0yu6NG2o) capable of runn ing up to 30 computer terminals from one computer host.
Crown Equity Holdings, Inc. assists and consults with companies interested in becoming publicly traded in the United States.
For further details, please visit the Company's website at http://www.crownequityholding.com.
For further information, please contact sales@crowntradingsystems.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements.
Kenneth Bosket, Vice-President; ken@crowntradingsystems.com
Crown Equity Holdings, Inc.
9680 W. Tropicana Avenue.
Suite 117
Las Vegas, NV 89147
USA
Phone: 877-854-6797
Fax: 702-943-0817
Source: Crown Equity Holdings, Inc.
Note: The following press release was submitted by: Crown Equity Holdings, Inc., and World Stock Wire, Inc. is not liable for the contents of this press release.
(C) 2008 World Stock Wire, Inc. All rights reserved.
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