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Right now, a woman who knows that all of this market chit-chat folds right into the guesstimate on the American economy.

Francis Donald is at Manulife and does wonderful short brief messages and

research reports on the concept at hand.

She's never written on anything like this Friday's jobless report.

Francis, how do you approach the complete mystery of this Friday's report?

Well, I'm not trying to get a sense of what that headline is going to look for.

I'm looking for a lot of the underlying details and what I suspect we're going to see is that more people are

unemployed on a permanent basis as opposed to temporary and the duration of

unemployment is going to start looking much worse and worse.

So while you might see headlines at C. A. We have some moderate improvement, ultimately the

underlying foundation of the job market is just getting worse and worse.

There are three unemployment rates, the visible one which everybody is glib about, etc.

...