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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (12196)	3/3/2000 9:06:00 AM
From: Wally Mastroly	Read Replies (3) \| Respond to of 15132

Employment growth stalls: CNNFN summary/comments: "..U.S. employment growth eased significantly, the jobless rate edged up a notch, and wages gained at a subdued pace in February. The economy created 43,000 jobs last month, the Labor Depart. reported, significantly below forecasts of a 235,000 gain and well below the revised 309,000 positions created in January. Average hourly wages -- a closely watched harbinger of inflation -- rose 4 cents to $13.53 an hour, a gain of 0.3% that was in line with forecasts. The unemployment rate rose to 4.1% from January's 4.0% that was the consensus forecast for February. Inflation-sensitive Treasury bonds surged more than a quarter of a point in price once the numbers were released, while S&P futures surged to a double-digit gain, indicating a strong open for Wall Street once the trading day kicks off. "I think the economic evidence today does give a lot of credit to the gradualist policies being pursued by the Federal Reserve," Anthony Chan, chief economist with Bank One Investment Advisors, told CNNfn. "The Fed will likely still raise rates later this month and perhaps in May, but they may stop there if the economy continues to show signs of slowing..." cnnfn.com - Some details from bloomberg: bloomberg.com