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Show Paige Ho llll IVin III R M I), (www It.irU Provo. l lah. Thursday. March 14.200: BUSINESS U "V iff. (Greenspan says By MARTIN C Rl TSINGER A I' I wnomio Writer - WASHINGTON Fed- Reserve Chairman Alan Greenspan, who last week said the recession has apparently ended, voiced further optimism about the economy Wednesday, noting had that employment increased in February. Speaking to a bankers meeting, Greenspan said that job layoffs diminished "noticeably in January and employment turned up last month." eral That reference was to Friday's report that in February businesses added to their payrolls for the first i i i i b "In recent days, encourGreenspan on Wednesday Greenspan said. did not repeat that exact aging signs of strengthening Adding to the optimism phrase but his overall cony .underlying trends in final about the economy, the ments, including reference demand have emerged, National Bureau of Economto the unemployment data, although the dimensions of ic Research, which has the suggested he was not back- the pickup remain uncer- job of officially declaring the ing away from his optimism tain," Greenspan said in and end of recesthat the recession has remarks transmitted by beginning sions, posted a new memo ended. satellite to the Independent on its Web site noting the But Greenspan also stuck Community Bankers of favorable increase in to his view that the current America, meeting in Honemployment in February. olulu. recovery is likely to be slow"Payroll employment er than previous economic "If the recent more favorincreased slightly in Februrebounds, given that con- able economic developary, the first increase in sumers continued spending ments gather momentum, seven months," the NBER with abandon last year on uncertainties will diminish, said. "Other signs indicate such items as new risk premiums will fall and that the decline in activity cars and homes, even in the the pace of capital investthat began last year may be midst of the slowdown. ment ... will increase," coming to an end." . time in seven months, gains that helped to push the jobless rate down to 5.5 percent last month. Testifying to the Senate Banking Committee last week before the unemployment report was released, Greenspan had offered his most optimistic assessment of the economy to date, saying that "the recent evidence increasingly suggests that an economic expansion is already under way." if ii ceasoci foir p'mosm inpHwini "Mill big-tick- et i i i r sis . p, r ri i t r 4N 31 i J46rl3 1 r ' V nr n Vl r jS" n r h I., sr " i - : LI 1 ..I,,, , r 1 J Bool UJolI Pay 027 ur Trado No Llattos Wiiot You Owo. pi! S.I i I 1 ' J'Ur' uo urcaiv, uaa wrcau. 70 h Annivcsroain Just for coming In tkJd MO poymcato 1 m $247.00 VALUED 3 day 2 night vacation for 2 goo? t over 00 !sn3. different put il Soptomlor 60 monlas on sell vehicles ... 1 i f University Hall 4 Ln9 OREr.1, UT arch 14, 15, 10, 10. 030,000,600.00 AVAILABLE FOR J3 LOANS THIS WEEKEND ONLY! j V ??Ken i - . Garff Automotive Group University Mall Orem, UT ' ; 52,002 loaninn LiiiGiutsoa ono mis. iiis aiu - r amount of: "nro wotvj vd !,) i mo & E Mm OAC, While Supplies Last 'J M wWi any NON sew Oltt Or f 1 - I tRAWSFRA81g nM tn mm n 1 1 4 i |