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Technology Stocks : CMGI What is the latest news on this stock?
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To: Ken who wrote (9211)6/4/1999 9:08:00 AM
From: mike machi  Read Replies (2) of 19700
 
New non-farm jobs increased by 11,000. The April figure was revised
upward to 243,000. The unemployment rate fell 0.1 percent to 4.2
percent. Hourly earnings increased by 5 cents to $13.19.

Economists had predicted that about 225,000 new non-farm jobs would be
created. The unemployment rate had been expected to remain unchanged at
4.3 percent. Average hourly earnings had been forecast to rise
slightly.

The new jobs figure suggests a more moderately strengthening economy
than had been thought. The drop in unemployment, however, suggests just
the opposite. The earnings data are more or less neutral.
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