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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (34231)	11/26/1999 10:27:00 AM
From: NickSE	Read Replies (1) \| Respond to of 99985

BUSINESS WEEK: GREENSPAN SEES TIGHT US LABOR MKT economeister.com NEW YORK (MktNews) - Federal Reserve Chairman Alan Greenspan sees a yet tighter U.S. labor market than most economists, helping to explain the Nov 16 rate hike, according to Business Week. Citing unnamed Fed policy makers, the magazine notes that Greenspan looks at a broad measure of the job market beyond the official unemployment rate. "His gauge of 'the pool of people seeking jobs,' calculated by Fed officials using Labor Dept. data, includes unemployed workers aged 16 to 64 who are actively seeking work or say they want a job. "Also catching the Fed chairman's eye: a drop in the number of employees who say they're working part-time because they can't find a full-time job." The magazine said the shrinking supply of available workers indicates the economy is growing unsustainably fast.