Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (43747)	6/1/2001 8:57:21 AM
From: Nicole Bourgault	Read Replies (1) \| Respond to of 56535

U.S. unemployment dips While job cuts continue in May, jobless rate unexpectedly drops to 4.4% June 1, 2001: 8:48 a.m. ET NEW YORK (CNNfn) - The U.S. unemployment rate dipped slightly in May, the government reported Friday, meaning the labor market was a little stronger than expected even though businesses continued to cut jobs. The Labor Department reported the unemployment rate stayed at 4.4 percent in May, down from 4.5 percent in April. Wall Street analysts polled by Briefing.com expected unemployment to jump to 4.6 percent. The report also said businesses cut 19,000 jobs outside the farm sector in May, after cutting a revised 182,000 jobs in April. Economists polled by Briefing.com expected 25,000 job cuts. Average hourly wages rose 0.3 percent to $14.26, as analysts expected, compared with $14.22 in April.