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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (3614)	3/5/1999 9:04:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Higher jobless rate in February WASHINGTON - The U.S. unemployment rate edged up slightly to 4.4% in February, despite a rise in the overall number of jobs created, as the nation's manufacturers continued to be battered by the global economic crisis. The Labor Department says 275,000 new jobs were added to payrolls last month, slightly above expectation. But manufacturing employment fell by 50,000, the biggest setback since last November. biz.yahoo.com Some details: bloomberg.com cbs.marketwatch.com CNN summary: Strong numbers - U.S. payrolls grew by 275,000 in February, slightly stronger than expected. The unemployment rate grew by 0.1 of a percentage point to 4.4 percent and average hourly earnings grew by one cent to $13.04. S&P futures jumped on the news. My comments: Wage inflation? - not yet. Continued loss of manufacturing jobs. As usual, articles give different opinions as to wether or not Greenshades will raise rates. Some irony - Heard that Japan's unemployment rate has "risen" to around 4.3 % - and that is about a 50-year HIGH for them........