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


To: Wally Mastroly who wrote (97)7/7/2000 8:34:25 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 10065
 
Slowdown City!

08:32 JUNE GOVERNMENT PAYROLLS FALL 195,000, INCLUDING 190,000 CENSUS WORKERS
08:32 AVERAGE HOURLY WAGES UP 3.6% YEAR-OVER-YEAR
08:32 JUNE PRIVATE SECTOR PAYROLLS UP 206,000
08:32 MAY NON-FARM PAYROLLS REVISED TO 171,000 FROM 231,000 PREVIOUSLY
08:32 JOB GROWTH SLOWS FOR 2ND STRAIGHT MONTH, GIVING FED ANOTHER REASON TO PAUSE
08:32 JUNE AVERAGE HOURLY WAGES UP 0.4% AS EXPECTED TO $13.71
08:32 JUNE JOBLESS RATE 4% AS EXPECTED
08:32 JUNE NON-FARM PAYROLLS UP 11,000 VS. 277,000 EXPECTED



To: Wally Mastroly who wrote (97)7/7/2000 8:36:17 AM
From: Wally Mastroly  Respond to of 10065
 
June job headlines - mostly as expected (Hrly wages/jobless rate):

08:32 JUNE GOVERNMENT PAYROLLS FALL 195,000, INCLUDING 190,000 CENSUS WORKERS
08:32 AVERAGE HOURLY WAGES UP 3.6% YEAR-OVER-YEAR
08:32 JUNE PRIVATE SECTOR PAYROLLS UP 206,000
08:32 MAY NON-FARM PAYROLLS REVISED TO 171,000 FROM 231,000 PREVIOUSLY
08:32 JOB GROWTH SLOWS FOR 2ND STRAIGHT MONTH, GIVING FED ANOTHER REASON TO PAUSE
08:32 JUNE AVERAGE HOURLY WAGES UP 0.4% AS EXPECTED TO $13.71
08:32 JUNE JOBLESS RATE 4% AS EXPECTED
08:32 JUNE NON-FARM PAYROLLS UP 11,000 VS. 277,000 EXPECTED



To: Wally Mastroly who wrote (97)7/7/2000 11:31:19 AM
From: Dave-in-MarinCa  Respond to of 10065
 
Re the employment numbers, quoting Dismal, "Although employment data were below consensus in June, they do indicate that the labor market still has momentum and that wage pressures are still an issue. Therefore, this report increases the likelihood of another Fed hike in August." <http://www.dismal.com/economy/releases/dyn_release.asp?r=usa_employ> Dismal's interpretation is certainly different from those quoted in Bloomberg and elsewhere on WS this morning.