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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Wally Mastroly who wrote (9121)	10/8/1999 8:36:00 AM
From: Wally Mastroly	Read Replies (1) of 15132

Jobs lost last month - - edit/some detail below (wage inflation?- maybe): 8:31 a ET The U.S. economy lost 8,000 jobs in September, the government said Friday, well below economists' forecasts for an increase of 218,000 cnnfn.com - Some detail: cbs.marketwatch.com Excerpt: WASHINGTON (CBS.MW) -- Job growth weakened sharply in September, the Labor Department reported Friday, saying 8,000 jobs were lost during the month. Average hourly pay rose 0.5 percent to $13.37, bring the annual increase to 3.5 percent. The decline in jobs should cheer nervous stock and bond markets, which are fretting that the Federal Reserve will boost interest rates one more time in November to counter a strong economy. The big jump in wages will temper the markets' enthusiasm, however.

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