I will turn to this past Friday’s labor market report in a moment, but let me begin with some background: The economy added 2.7 million jobs last year, an average of about 230,000 a month. In the first three months of this year, payrolls were growing only modestly slower, at a little less than a 200,000 monthly pace.
*  *  *  As the countdown to the Year 2000 continues, and with only five months to go until the new year, it is certainly prudent for us to focus now on the Year 2000 readiness of our nation and, indeed, the entire global community.