1
 October employment data
5001
Topic-Comment

2
 -- also could turn out to be the most confusing.
5001
Topic-Comment

3
 On the surface, the overall unemployment rate is expected to be little changed from September's 5.3%.
4
concession

4
 But the actual head count of non-farm employment payroll jobs is likely to be muddied by the impact of Hurricane Hugo, strikes, and less-than-perfect seasonal adjustments,
5003
span

5
 economists said.
5003
attribution

6
 The consensus view calls for an overall job gain of 155,000 
5006
Comparison

7
compared with September's 209,000 increase.
5006
Comparison

8
 But the important factory-jobs segment,
5008
span

9
 which last month plunged by 103,000 positions
5009
List

10
 and raised recession fears, 
5009
List

11
is most likely to be skewed by the month's unusual events.
5010
Same-Unit

12
 Several other reports come before Friday's jobs data,
5012
span

13
 including: the September leading indicators index, new-home sales and October agricultural prices reports due out tomorrow; the October purchasing managers' index and September construction spending and manufacturers' orders on Wednesday; and October chain-store sales on Thursday.
12
example

14
 Friday brings the final count on October auto sales.
5012
elaboration-additional

15
 The employment report is going to be difficult to interpret, 
5015
span

16
said Michael Englund, economist with MMS International, a unit of McGraw-Hill Inc., New York.
15
attribution

17
 Mr. Englund added 
5018
attribution

18
that next month's data isn't likely to be much better, 
5018
span

19
because it will be distorted by San Francisco's earthquake.
18
result

20
 What's more,
5021
comment

21
 he believes 
5022
attribution

22
seasonal swings in the auto industry this year aren't occurring at the same time as in the past,
5022
span

23
 because of production and pricing differences 
5023
span

24
that are curbing the accuracy of seasonal adjustments
5024
span

25
 built into the employment data.
24
elaboration-object-attribute-e

26
 Wednesday's report from the purchasing agents will be watched 
5071
span

27
to see if the index maintains a level below 50%,
5072
span

28
 as it has for the past couple of months.
27
comparison

29
 A reading of less than 50% indicates an economy 
5029
span

30
that is generally contracting 
29
elaboration-object-attribute-e

31
while a reading above 50% indicates an economy
5031
span

32
 that's expanding.
31
elaboration-object-attribute-e

33
 Samuel D. Kahan, chief financial economist at Kleinwort Benson Government Securities Inc., Chicago, said 
5034
attribution

34
that the purchasers' report is valuable 
5034
Cause-Result

35
because it often presents the first inkling of economic data for the month. 
5034
Cause-Result

36
But he added:
5038
attribution

37
 Some people use the purchasers' index as a leading indicator,
5037
Contrast

38
 some use it as a coincident indicator.
5037
Contrast

39
 But the thing it's supposed to measure 
5039
span

40
-- manufacturing strength -- 
39
elaboration-general-specific-e

41
it missed altogether last month.
5040
Same-Unit

42
 David Wyss, chief financial economist at Data Resources Inc., Boston, said 
43
attribution

43
that the purchasers' index does miss occasionally, 
5042
span

44
adding:
5045
attribution

45
 When it misses one month 
46
circumstance

46
it tends to miss the next month, too. 
5045
span

47
 The consensus view on September leading indicators calls for a gain of 0.3%, the same as in August.
5047
span

48
 Economists said
49
attribution

49
 greatly increased consumer optimism, a larger money supply and higher stock prices helped lift the index.
5048
span

50
 All orders-related components, such as consumer-goods orders and building permits, are thought to have been weaker.
5049
List

51
 Data Resources' Mr. Wyss added
52
attribution

52
 that he will be keeping a closer eye than ususal on October chain-store sales.
5051
span

53
 Usually, October isn't a very interesting month {for retail figures}
5053
Cause-Result

54
 because school clothes have been bought
5054
List

55
 and people are waiting for December
5055
span

56
 to buy Christmas presents,
55
temporal-same-time

57
 he said. 
5053
attribution

58
But Mr. Wyss said
5062
attribution

59
 he will watch the numbers
5059
span

60
 to get an inkling 
5060
span

61
of whether consumers' general buying habits may slack off as much 
5061
Comparison

62
as their auto-buying apparently has.
5061
Comparison

63
 He noted 
64
attribution

64
that higher gasoline prices will help buoy the October totals.
5063
span

65
 Seasonal factors are also expected to have taken their toll on September new-home sales,
5064
span

66
 which are believed to have fallen sharply from August's 755,000 units.
65
elaboration-additional-e

67
 Construction spending is believed to have slipped about 0.5% from August levels, 
5067
antithesis

68
although economists noted 
69
attribution

69
the rate probably will pick up in the months ahead in response to hurricane and earthquake damage. 
5067
span

5001
multinuc
5002
span

5002
span



5003
span
5004
span

5004
span
5005
span

5005
span
5011
span

5006
multinuc
5007
Contrast

5007
multinuc
5004
elaboration-additional

5008
span
5010
Same-Unit

5009
multinuc
8
elaboration-additional-e

5010
multinuc
5007
Contrast

5011
span
5046
span

5012
span
5013
span

5013
span
5014
span

5014
span
5025
span

5015
span
5016
span

5016
span
5019
span

5017
span
5015
evaluation-s

5018
span
5017
span

5019
span
5013
explanation-argumentative

5020
span
5016
elaboration-additional

5021
span
5020
span

5022
span
5021
span

5023
span
22
result

5024
span
23
elaboration-object-attribute-e

5025
span
5005
background

5026
span



5027
span



5028
span
5032
span

5029
span
5030
Contrast

5030
multinuc
5071
interpretation-s

5031
span
5030
Contrast

5032
span
5014
elaboration-general-specific

5033
span
5036
antithesis

5034
multinuc
5033
span

5035
span
5041
List

5036
span
5035
span

5037
multinuc
5040
concession

5038
span
5036
span

5039
span
5040
Same-Unit

5040
multinuc
5038
span

5041
multinuc
5028
evaluation-s

5042
span
5043
span

5043
span
5041
List

5044
span
5042
elaboration-additional

5045
span
5044
span

5046
span
5050
Topic-Drift

5047
span
5011
elaboration-additional

5048
span
5049
List

5049
multinuc
47
explanation-argumentative

5050
multinuc
5001
elaboration-additional

5051
span
5052
span

5052
span
5057
Contrast

5053
multinuc
5056
span

5054
multinuc
5053
Cause-Result

5055
span
5054
List

5056
span
5051
explanation-argumentative

5057
multinuc
5050
Topic-Drift

5058
span
5057
Contrast

5059
span
5062
span

5060
span
59
purpose

5061
multinuc
60
elaboration-object-attribute-e

5062
span
5058
span

5063
span
5059
elaboration-additional

5064
span
5065
span

5065
span
5050
Topic-Drift

5066
span
5064
elaboration-additional

5067
span
5066
span

5068
span



5069
span



5070
span



5071
span
5028
span

5072
span
26
purpose

