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

To: UnBelievable who wrote (54210)	6/15/2000 8:34:00 AM
From: UnBelievable	Respond to of 99985

U.S. Jobless Claims -2: 4-Wk Moving Average Up To 295,750 WASHINGTON (Dow Jones)--The number of Americans filing first-time claims for unemployment benefits declined last week for the first time in a month, suggesting the U.S. labor market remains tight despite recent signs the economy may be slowing. Initial unemployment claims declined by 16,000 to 296,000 during the week of June 10, mostly reversing a a big increase in the previous week. The four-week moving average of claims, which smoothes out fluctuations in the numbers, nevertheless rose by 4,500 to 295,750. The decline in initial claims was larger than Wall Street had expected, but investors are likely to shrug it off. That's partly because the actual number of claims for the week was close to Wall Street expectations. Six economists surveyed by Dow Jones Newswires and CNBC predicted claims would fall by 11,000 to 298,000. The government revised its preliminary estimate of claims for the week of June 3 to 312,000 from 309,000. Although the U.S. economy has shown signs of slowing recently, the slowdown hasn't been obvious in the labor market. The U.S. unemployment rate rose to 4.1% in May from a 30-year low of 3.9% in April, but initial jobless claims haven't risen much. The four-week moving average, for example, has stayed below 300,000 for eight months. Partly as a result, the Federal Reserve isn't convinced that its year-long campaign of interest-rate increases has slowed the economy enough. "There are some signs in the most recent monthly economic data that the growth of demand may be moderating," Alfred Broaddus, president of the Federal Reserve Bank of Richmond said in a speech Thursday in Vienna. "These signs are hopeful but at this point must still be considered tentative." Wall Street widely expects the Fed to leave interest rates unchanged this month, but some economists predict a quarter-percentage point increase to 6.75% when Fed policymakers next meet on June 27-28. In all, 29 states and territories reported a decrease in unadjusted initial claims for the week of June 3, while 24 reported an increase, the Labor Department said. Only Michigan, however, reported a decrease of more than 1,000 claims - a drop of 2,695 that it attributed to fewer layoffs in the automobile industry. Wisconsin reported the biggest increase in claims for that week. It said claims rose 2,286 because of layoffs in the construction, service, and manufacturing industries. North Carolina reported an increase of 1,900 claims because of layoffs in the textile industry, and Texas reported an increase of 1,634 calims because of layoffs in the service industry. Continuing claims for the week of June 3 rose 28,000 to 2,024,000, the Labor Department said. The unemployment rate for workers with unemployment insurance held steady at 1.6%. -By Joseph Rebello; Dow Jones Newswires; 202-862-9279 (END) DOW JONES NEWS 06-15-00

To: UnBelievable who wrote (54210)	6/15/2000 3:17:00 PM
From: sam_o	Read Replies (1) \| Respond to of 99985

>>> ONE OF THE MOST INFORMATIVE GROUPS << This is a brainy bunch! Your input and commentary is one of the best I've found. You (Guys and Gals) it's hard top tell who's who.... with names like ' unbelievable' But names are are just a location, the 'mind' behind, is where I look and listen, pretty soon be able to 'watch' look and listen! Aye??? I'm new at this TA game and I need a mentor. Volunteers?? )))QUALCOM ! I've seen posted here..... Being an engineer in the electrical field i find this CDMA technology very effiecient, and wonder why this stock isn't going up.?? who's following this stock QCOM, i want to play this stock,,,, but being barely informed, and new to this Message group, need input. Where's the aforementioned Richard Ney readers?? Where is Ney, didn't he used to be on TV Fin show in 80's??? Sam O NewportBeach