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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (4562)	6/2/2002 12:28:46 PM
From: Julius Wong	Read Replies (1) of 4916

Washington, June 2 (Bloomberg) -- U.S. companies added workers for a straight second month and manufacturing expanded in May, evidence of the economy's rebound from recession, reports this week will probably show. An expected rise in the jobless rate is likely to temper expectations for the pace of recovery. Payrolls rose by about 75,000 last month after an increase of 43,000 in April, according to the median forecast in a Bloomberg News survey of 49 economists. The Labor Department's report on Friday may show last month's job increase to be the biggest since February 2001, just before the recession began. ... ... ... ... quote.bloomberg.com

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