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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 / Health Care
Friday, May 09, 2008
University Health Industries Announces New Name and Ticker Symbol
Comtex
BOCA RATON, Fla., May 09, 2008 (BUSINESS WIRE) ----University Health Industries, Inc., (OTC:UVHI) a Florida corporation engaged in the development, marketing and sale of proprietary, patent-pending nutraceutical products, including its leading brands Arthroleve(TM) and Zenstral PMS(TM), announces new name and ticker symbol.
University Health Industries, Inc., announces that effective at the open of business today, its new ticker symbol will be "UVHI" (Pink Sheets) replacing the former ticker symbol "VRTN" (Pink Sheets). This ticker symbol change corresponds with the corporate name change to University Health Industries, Inc., formerly Virtual Innovations, Inc.
About University Health Industries:
(http://www.universityhealthindustries.com): Every year university labs around the globe identify research and test natural compounds and formulations which have the potential to improve our quality of life. The majority of these potentially life changing discoveries are never commercialized for the benefit of the public.
University Health Industries, in collaboration with university based researchers worldwide, researches and identifies those compounds that have proven evidence based effects and have the greatest potential for improving our lives.
University Health Industries' mission is to deliver the latest advances and discoveries in natural compounds packaged in our unique patented formulations including Arthroleve(TM) (www.arthroleve.com) as well as Zenstral PMS(TM) (www.zenstralpms.com) and delivered to satisfy the needs of consumers for the promotion of health for many common age-related health concerns. www.universityhealthindustries.com.
Safe Harbor Forward-Looking Statements:
Except for historical matters contained herein, the matters discussed in this press release are "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect University Health Industries, Inc. and its subsidiary businesses (collectively, the "Company") and prospects and cause actual results to differ materially from these forward-looking statements.
http://www.universityhealthindustries.com
Keyword Tags: arthritis, arthritis treatment, arthroleve, pms, university health industries, zenstral pms
SOURCE: University Health Industries, Inc.
University Health Industries, Inc., Boca Raton Dr. Jarret Morrow, President, 561-910-5620 jmorrow@uhealthinc.com
Copyright Business Wire 2008
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