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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (45173)	4/6/2001 8:57:57 AM
From: michael97123	Respond to of 70976

Perversely bullish news below. Unless he is brain dead, AG will respond before may. Talking up the economy is necessary to reverse Bush talking down big mistake BUT action is now clearly warranted. A quick 1/2 pointer will give the market legs. Yesterday folks on WallSt actually smiled and the smile needs to spread to main st. Whether another 1/2 point actually changes anything I do not know--BUT its all in the perception. Get Americans to shop--Get americans to buy stocks at these "bargain" prices. Those will be big steps toward solving the problem. Friday April 6, 8:39 am Eastern Time U.S. unemployment rate up in March as jobs lost WASHINGTON, April 6 (Reuters) - The U.S. unemployment rate climbed to its highest level since mid-1999 during March as payrolls logged their sharpest fall in nearly a decade, the Labor Department said on Friday in a report that highlighted the economy's waning momentum. A total 86,000 jobs were lost in March -- the first month in which jobs were cut from payrolls since August last year and the sharpest reduction since a loss of 94,000 jobs in November 1991, not long after the last recession had ended and while doubts lingered that the downturn was over. The March jobs decline contrasted sharply with a revised 140,000 jobs that were created in February and was much weaker than the 58,000 economists had forecast. The national unemployment rate edged up to 4.3 percent last month from 4.2 percent in February. The last time that the rate was that high was in June and July 1999, when it also was 4.3 percent.