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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (73)	4/2/2004 8:39:41 AM
From: ~digs	Read Replies (1) \| Respond to of 7944

Jobs report finally delivers The 308K payroll increase in March and net upward revisions of 87K for Jan/Feb finally delivered on the jobs front. Though the magnitude of the increase is clearly a surprise, there were many indications of better news to come: better MAN survey, rising help wanted index, strong ISM employment number, and slight decline in jobless claims. Outside of payrolls, the news was much more mixed. The unemployment rate actually rose a tenth to 5.7% vs the 5.6% consensus. The workweek fell a tenth to 33.7 hours vs the 33.9 consensus. The workweek fell a tenth to 33.7 hours vs the 33.9 consensus. The focus will now turn to the Fed - though one report might not prompt an immediate rate hike, a tightening before mid-year is now likely to be on the market's radar, and we'll likely see the tone of the Fed's comments change. --bloomberg.com