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To: Les H who wrote (1747)	4/8/2002 10:21:10 PM
From: John Madarasz	Respond to of 29599

The Labor Department reported on Friday that companies added 58,000 jobs in March, the first gain for payrolls since July. The unemployment rate increased to 5.7 percent. The report on initial claims, Thursday, contained a higher figure than expected. The department revised February's original estimate of job growth of 66,000 to a loss of 2,000. Challenger, Gray & Christmas said Tuesday that the pace of planned job cuts slowed in March with employers prepared to distribute the fewest layoff notices in 10 months. The firm also stated that the March figure remains higher than the monthly average for every year from 1989, the year it first began tracking planned job cuts, through 2000. piraz.com