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Re: KVW post# 12864

Friday, 02/06/2004 9:04:42 AM

Friday, February 06, 2004 9:04:42 AM

Post# of 147300
Kevin, here is what the market is seeing .

Job Growth Disappoints Again

By TSC Staff
02/06/2004 08:43 AM EST

http://www.thestreet.com/markets/marketfeatures/10142148.html

Updated from 8:32 a.m. EST

The economy created 112,000 jobs in January, less than expected, after a revised 16,000 increase in December, according to a government report.

Economists had forecast an increase of about 165,000 in nonfarm payrolls, which is historically low for this stage of an economic recovery.




The government also reported that the unemployment rate fell to 5.6%, better than expected and down from the previous month's 5.7% rate.

Once again, the manufacturing sector showed weakness, losing another 11,000 jobs The retail sector added 67,000 jobs while the construction industry added 24,000.
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