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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (34689)	11/3/2000 8:50:26 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

So if we don't drop on QCOM's lousy report and this lousy employment report, do we take this as failure to drop on bad news thus a strong market or do we just chalk it off to the Gore campaigne pumping and trying to float this bubble till Tuesday is over? This was supposed to be 4%, 185,000 new jobs and .3 for pay...... biz.yahoo.com Friday November 3, 8:39 am Eastern Time Jobless Rate Steady, Payroll Growth Slows WASHINGTON (Reuters) - The U.S. unemployment rate held steady at a 30-year low in October even as the pace of job creation in the world's top economy slowed, the government said on Friday. The Labor Department said the nation's jobless rate was unchanged at 3.9 percent. The number of workers on payrolls outside the farm sector, a key gauge of the economy's strength, rose by 137,000, down from a gain of 195,000 in September which had originally been reported as a 252,000 increase. Average hourly earnings, which are closely monitored for signs of emerging wage pressures in the drum-tight labor market, rose 0.4 percent, exceeding market expectations of a 0.3 percent rise. The average work week declined slightly to 34.3 hours from 34.4 hours in September, the report added. The report offered few indications that the tight labor market, which Federal Reserve officials have long worried might push up inflation, is easing even as a slew of other indicators shows the economy has begun to slow. The Fed has raised interest rates six times between June 1999 and May 2000 but has held credit costs steady at three meetings since. It is expected to do so again when it next meets on Nov. 15.