NEW YORK, June 2 (Reuters) - Stocks held strong gains in late morning
trading on Friday after a jobs report suggested that recent interest
rate increases by the Federal Reserve are succeeding in slowing the
economy.
The U.S. Labour Department reported that the May unemployment
It's my understanding that the rate would have gone even higher without the
hiring of 200,000+ census workers. Since these jobs are temporary, Wall
Street must be quite confident that the trajectory for the unemployment rate
will likely trend upward in the next few months.
Joel Blau
Timework
The U.S. Labour Department reported that the May unemployment rate
climbed to 4.1 percent from its 30-year low of 3.9 percent.
Joel wrote:
It's my understanding that the rate would have gone even higher without the
hiring of 200,000+ census workers. Since these jobs are temporary, Wall
Jim:
The collective animal "Wall Street" may not be quite so fixated on the
unemployment rate per se, but wouldn't you agree that broadly speaking, it and
the other indicators you cite tend to move together as a cluster?
Joel Blau
Jim Devine wrote:
I don't think their speculations revolve
At 12:51 PM 6/2/00 -0400, you wrote:
Jim:
The collective animal "Wall Street" may not be quite so fixated on the
unemployment rate per se, but wouldn't you agree that broadly speaking, it and
the other indicators you cite tend to move together as a cluster?
right, but the WS herd has a tendency
