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Technology Stocks : America On-Line (AOL)
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To: RocketMan who wrote (9226)4/3/1999 12:26:00 PM
From: Vendit™  Read Replies (1) of 41369
 
The markets Monday will likely respond to better-than-expected jobless data reported Friday. The Labor Department said the nation's unemployment rate plunged to its lowest level in 29 years last month, at the same time the number of jobs created fell to a three-year low.

Despite the strong data, however, David Blitzer, chief economist with Standard & Poor's, told CNNfn he sees no cause for concern in short-term economic trends.

"We continue to see absolutely superb unemployment rates and it tells us that the economy is in very good shape," he said. "The labor market is a bit tight but generally in good shape."

cnnfn.com
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