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To: Wally Mastroly who wrote (5586)	6/4/1999 9:07:00 AM
From: Jeffrey D	Read Replies (1) of 15132

Wally, thanks for the information. Analysts expected 232,000 new jobs and there were only 11,000. One can only hope stock analysts are more accurate!<gg> You know, you just can't win with Bloomberg. Before announcement they run a story that with 232,000 new jobs expected this will pressure the Fed. to raise rates. quote.bloomberg.com Then, after the announcement of only 11,000 jobs created they run a story that this small increase shows small job market and this will then pressure employers to raise salaries to get new employees and to keep the ones they have. Well, gee, maybe the economy is slowing down and that is why employers didn't hire as many as the "experts" anticipated. quote.bloomberg.com Geez, Bloomberg is on a rate hike mindset regardless of the outcome. Wally, a question. Hourly rate goes up .05. What creates more potential for inflation? That increase or if the "experts" had been right and 232,000 new jobs created due to an expanding economy? Just asking. Jeff

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