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| January Employment Data - #1 - Feb. 6, 2004 |
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| Included in today's employment report were significant benchmark
revisions to the Labor Department's payroll survey. Labor has been slow in getting
these posted, so my synopsis will be out later that I had expected. Generally
speaking, however, I would say that this morning's report is weaker than is
currently being represented on CNBC, Bloomberg, etc. (What else is new?)
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