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To: Wally Mastroly who wrote (9689)11/5/1999 9:09:00 AM
From: Wally Mastroly  Respond to of 15132
 
Bloomberg detail on jobs report (Bond market seems to love it)...

bloomberg.com

-

Excepts on labor shortage:

"About $170 million of the decline is related to the engineer
shortage, Raytheon said. The company has been able to hire just
5,000 of the 6,000 engineers it needs this year to complete
orders, said Franklyn Caine, the company's chief financial
officer. ''The competition is fierce for engineers,'' said Toni
Simonetti, a spokeswoman for Raytheon.

A recent study also revealed that a nationwide shortage of
information technology service and support staff is costing U.S.
companies $4.5 billion in lost productivity and reducing the
economy by $105.5 billion annually.

The study by the Computing Technology Industry Association
of 878 information technology executives found that almost 10
person(% ?) of these positions are unfilled. These jobs include
hardware and software installation, end-user support and Internet
website maintenance.

''These are the jobs that keep American business moving,''
said Ian Bonner, a vice president of marketing for IBM Global
Business Partners.

-

30-year Bond yield headed below 6% ???

quote.yahoo.com^TYX&d=5d