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Strategies & Market Trends : The Options Box

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To: hobo who wrote (9421)	2/4/2001 2:01:33 PM
From: hobo	Read Replies (2) of 10876

US employment growth fuels hopes of a soft landing By Peronet Despeignes in Washington and Christopher Swann in London Published: February 2 2001 13:58GMT \| Last Updated: February 3 2001 05:17GMT Jobs growth in the US in January hit a nine-month high, US Labour department figures showed on Friday, adding to hopes of a soft landing for the economy. The department said 268,000 non-farm jobs were created last month, well above forecasts and the highest since April. Private-sector job gains hit a four-month high. The dollar, dented over the past week by a series of gloomy news, initially shot almost a cent higher against the euro before giving up some of its gains. "These figures have at least tempered some of the worst fears about a US crash landing," said Mark Cliffe, chief economist at ING Barings. The report did show the fastest one-month increase in the US unemployment rate since March 1999, from 4 per cent to a 16-month high of 4.2 per cent. markets.ft.com

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