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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (71519)	12/6/1999 5:21:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Les, That does explain why I am getting so many gift packages this year from people who don't like me. <g>

To: Les H who wrote (71519)	12/7/1999 11:54:00 AM
From: Les H	Respond to of 132070

Computer Job Growth Loses Steam 12/03/99, 6:07 p.m. ET By Mary Mosquera, TechWeb The economy created 234,000 jobs in November and the unemployment rate held steady at 4.1 percent, the Labor Department said Friday. But computer services added just 3,000 jobs, continuing a rate of lackluster growth in that industry since August. The nation is reaching near full employment, with a jobless rate the lowest since the Kennedy administration. In October, the economy generated 263,000 jobs, with a 4.1 percent unemployment rate. President Clinton told a briefing that in the seven years of his administration, over 20 million jobs have been created. Technology has been an important part of the stellar economic performance, Clinton said. "It has given us big productivity gains," he said. "The information technology sector alone has been responsible for about a third of our economic growth. And jobs in that sector pay nearly 80 percent more than the private sector average." The chief payroll driver in the November jobs report was services, with 120,000 jobs. However, personnel agencies and health and social services created more jobs than computer-related services. Computer and data processing services added 3,000 jobs in November compared with 7,000 positions in October, the government said. Since August, job gains have averaged 6,000 per month after advancing at an average 14,000 a month for the first eight months of the year. Engineering and management services gained 9,000 jobs in November after expanding 27,000 the previous month, indicative of a slowdown compared with the first eight months of the year. Computer manufacturing lost 3,000 jobs in November after shaving 1,000 positions in October. Makers of electronic components also trimmed 1,000 jobs in November after adding 2,000 previously. Hourly wages rose just 2 cents, to $13.41, indicating that inflation was in check despite the tight job market and a sign the Federal Reserve will not have to raise interest rates at its next policy-making meeting Dec. 21.