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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (15422)	5/7/1999 1:56:00 PM
From: scouser	Read Replies (2) \| Respond to of 29382

Economic news... WASHINGTON (Reuters) - Solid gains in the red-hot U.S. labor market failed to ignite inflationary wage pressures in April, the government said in a report Friday that helped ease fears of an imminent rise in interest rates. In its most widely watched set of monthly economic data, the Labor Department said the number of jobs outside the farm sector grew a solid 234,000 in April. The unemployment rate crept up to 4.3 percent from 4.2 percent the previous month, while hourly earnings rose only slightly. April's jobs gain compared with an increase of just 7,000 in March, a steep downward revision from the 46,000 gain reported by the department a month ago. Financial markets initially greeted the report with relief, as there had been fears that the report would show much stronger gains and add to pressure on the Federal Reserve to raise interest rates.