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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 04, 1994

Page

5

Stocks End Higher On Bond Rally After Labor Report

Wall Street closed mixed as bonds staged a strong comeback after the Labor Department shows unemployment dipping to 6.0 percent in May. The Dow slipped early but recovered while 30 year yields eased to 7.28 percent. Nonfarm payrolls rose 191,000, below expectations, offset by upward revisions to April payrolls and a jump in hourly wages to 11.11.

RON Campbell Investment Planning Robert Thomas Securities, Inc Nasdsipc Allegheny Power ATT Corp AIL Water Works Apple Computer Ashland Coal Inc Atlantic Richfield AKER Hughes Inc AEL Serangs Inc Siar Sti Selsouth Corp Ois Rs ‘Corp I500 Sime Inc Domamion Res CORP Union Corp BNC Corp Goodyear Tire Hercules Kgmart Corp Sire McDonalds MCI MERCK Monsinto CO Soars Orme de Nash Finch Sistort Raystar Stee Valley Ban Telesis Saa TC Penney CO Pepsico NC LA Electris BIP Morris Cos PRSS Reebok Oars Metals Zoe Sis Ockwell INC RON Carbide Corp. Versa CAAA Aus Bason New York Dow Labor Department Wall Street Labor Det General Motors Robert G. Dederick Northern Trust Co Chicago Lnion

Jobless rate marks best improvement since 1983 May

The Labor Department shows the May unemployment rate at 6 percent, down from 6.4 percent in April, the lowest since November 1990 and the largest one month drop since 1989. Nonfarm payrolls rose by 191,000, below economists’ 280,000 forecast, with most gains in services. White House officials hailed the data as evidence of continued expansion, while private economists noted cooling momentum and a moderation from late year gains.

Labor Department Sill White House Ityeaant Gietens Italy Laura Tyson Clinton Amer

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