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.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (30125)	7/30/1998 1:52:00 PM
From: Night Writer	Read Replies (2) \| Respond to of 97611

ECONOMIC NEWS: TODAY, July 30, 1998 The EMPLOYMENT COST INDEX -- a broad gauge of worker compensation that is watched closely by the Federal Reserve -- rose a seasonally adjusted 0.9% after a 0.7% rise in the first quarter, the Labor Department said. U.S. economists in a Reuters survey had expected a 0.8% gain. For the full text story, see infobeat.com In another sign the job market was favoring workers, the Labor Department said in a separate report that first-time applications for state unemployment insurance dipped last week to the lowest level in more than three months. U.S. initial JOBLESS CLAIMS fell to 304,000 in the week ended July 25 from 317,000 in the prior week. It was the smallest claims number since 288,000 in the week ended April 11. Analysts had anticipated 315,000 claims last week. ** SALES OF NEW SINGLE-FAMILY HOMES jumped to a new record in June - the fourth set in just five months. Healthy income growth and low mortgage rates are combining to fuel the spending spree. The Commerce Department reports sales rose 3.8% to a seasonally adjusted annual rate of 935,000 from 890,000 in May.