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To: Phil M who wrote (177)11/9/1997 12:18:00 PM
From: Thomas Kirwin  Read Replies (1) | Respond to of 295
 
Good News - Jobless Rate Slides to 24-Year Low

Friday November 7 6:06 PM EST

By Caren Bohan

WASHINGTON (Reuters) - U.S. unemployment tumbled to a 24-year low amid brisk hiring in October, the government said Friday, portraying the economy as a pillar of strength despite shaky world financial markets.

The jobless rate fell to 4.7 percent in October, the lowest since during the Nixon administration when it registered 4.6 percent in October 1973, the Labor Department said. The rate was 4.9 percent in September.

yahoo.com

Regards,

Tom