"February payroll employment surged by 705,000, more than double expectations and the largest monthly rise in 13 years. ...In addition to the surge in employment, the unemployment rate fell to 5.5%. The only good news was a 0.1% decline in hourly wages."

--Merrill Lynch financial newsletter, March 8, 1996. [Cited in CounterPunch, April 1-14, 1996 (V 3 N 7)]