would the loss of Sun jobs really flood the field with microsoft engineers
anyway? even if they were all IT layoffs...

"Ken Briscoe" <youcant@sendmespam.com> wrote in message
news:OatPe1YHEHA.3968@TK2MSFTNGP12.phx.gbl...
> "TechGeekPro" <%username%@yahoo.com> wrote in message
> news:ux9yivYHEHA.3032@TK2MSFTNGP09.phx.gbl...
> > From Yahoo! News (AP):
> >
> >
>
[url]http://news.yahoo.com/news?tmpl=story&u=/ap/20040408/ap_on_bi_go_ec_fi/econo[/url]
> > my_3
> > or [url]http://tinyurl.com/27j9c[/url]
> >
> > Are thing really picking up?
> >
> > I've heard the the figures for U.S. jobless claims include
> > unemployment benefits extensions (which Congress, in their infinite
> wisdom,
> > ended in 12/03). That would certainly make it appear as though jobless
> > claims in the U.S. were on the decline. This article refers to "new"
> jobless
> > claims so maybe they're using different statistics. Of course, there are
> all
> > the recently laid off workers from Gateway and Sun Microsystems now. :-(
> >
> > Anyone have any thoughts on the situation?
> > (I'm sure this group does)
>
> You're correct in that these numbers are misleading. The headline of the
> article is especially misleading. "US Jobless Claims Tumble to 328,000".
> This is *new* jobless claims. That is, 328,000 people filed for
unemployment
> in a *week*. One week. And they're using "seasonally adjusted" numbers,
> whatever that means. I don't give a fsck what season it is, it's still
> 328,000 people. This does not mean the economy is getting better. It
simply
> means the economy isn't getting worse *as fast* as it was before. But
> hopefully this is a trend, and there will be less and less new
unemployment
> claims in the future, and we'll dig ourselves out of this economic funk
> we've been in for a couple years, but I'm not holding my breath.
>
> And about the Sun layoffs - there was a thread the other day about this.
> While they're still layoffs and people are losing their jobs, they can't
all
> possibly be tech jobs, so our little niche of the economy isn't going to
be
> affected as much as it *could* be, I suppose.
>
> --
>
> KB - MCNGP "silent thug" #26
>
> first initial last name AT hotmail DOT com
>
>