United States economy creates more jobs than expected in June
Jul 08, 2017, 00:19
US employers added a robust 222,000 jobs in June, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy. However, the unemployment rate ticked up slightly - 4.4 percent in June compared to 4.3 percent in May. The average workweek for all employees on private nonfarm payrolls rose by 0.1 hour to 34.5 hours in June.
Chief economist for the global information company, IHS, Nariman Behravesh says wage growth will probably pick up over the next year as the economy gains between 150 and 180 thousand jobs a month.
"There's an opportunity for more people to come back into the labor force", Samana said, adding that improvements to the participation and underemployment rates would indicate broader strength. "While we may see the Fed trimming its balance sheet later this year, another rate hike is looking less likely".
"While the unemployment rates for workers of colour remain far higher than for white non-Hispanic workers, the black unemployment rate has been falling faster than overall unemployment over the previous year", she said in a statement. The veteran unemployment rate is based on a much smaller sample size in the agency's Current Population Survey than is the overall rate.
"After last month's surge in jobs activity, small-business owners seem to be in a holding pattern while they wait to see what Congress will do with taxes and healthcare", NFIB President and CEO Juanita Duggan said.
The good news was tempered a bit by other factors: A slight uptick in the unemployment rate, a mere 2.5% increase in the hourly pay rate, and job cuts in the auto industry.
The Federal Reserve monitors the barometers of wage growth for any evidence that inflation might be starting to pick up.
A total of 1.6 million people were marginally attached to the labor force in June, a figure that was down by 197,000 from a year earlier.
The economy lost 400,000 jobs during the first five months of Bush's tenure, in 2001, but the country was falling into a recession then.
Economists forecast the economy grew at roughly a 2.5 percent pace in the April-June quarter. Over the past three months, job gains have averaged 194,000 a month.
"Respectable, perhaps", Gary Schlossberg, senior economist at Wells Capital Management in San Francisco, said of the recent jobs numbers. But the ranks of the long-term unemployed edged up by 1,000 to 1.7 million.
Bedford Police said they are monitoring the situation but that there is "no danger to the community at this time". A woman who answered the phone at the company's Acton headquarters said, "We don't know what's going on".
David Andrew Desper, 28, surrendered to authorities early Sunday (July 2), for the fatal shooting of 18-year-old Bianca Roberson. Roberson's death is the latest tragedy for her family; the teen's 22-year-old brother died from heart disease a few years ago.
Federal Reserve cleared capital return plans from big banks, off-setting losses among utilities and construction stocks. Harte said there's a "fairly high likelihood" the Fed will object to the firm's request for higher capital return.
As BBC reports , Sony will kick their vinyl production back into gear in Japan, relaunching a Tokyo factory by March next year. According to Sony, the unit had already set up a record cutting machine to make lacquer masters at a Tokyo recording studio.
Google chose to give preference to Google Shopping offerings in search engine results to gain traction with customers. Her move against Google risks attracting further criticism that she's unfairly singled out USA companies.
And now, unlike many foreign officials visiting Israel , Modi will not go on to meet Palestinian leaders in Ramallah. During the Cold War, India did not have open relations with Israel , leaning heavily in favour of the Palestinians.
Roughly 75% of the 111 who successfully ended their own lives were between 60-89 years of age, and 89.5% were white. The report analyzes statistics only through December 31 of 2016, so its numbers understate use of the law to date.
The last time the company directly produced home appliance from the U.S. was in 1991 when it had closed down a TV plant. Samsung already operates a call center employing 800 people in Greenville County, about 50 miles (80 kilometers) away.
In a tearful video message , his wife, Liu Xia, suggested that treatment was either no longer possible, or simply not on offer. Shortly after the award, Mr Liu's wife, Liu Xia , was placed under house arrest , isolated from family and supporters.
More sunshine today. Seasonably warm and humid
A tropical wave located about 500 miles southwest of the Cabo Verde Islands is now producing a large area of cloudiness. Forecasters are calling for sunny skies and temperatures in the 80s on Sunday throughout the mid-valley.
Suspect dead after shooting at NYC hospital
New York Mayor Bill de Blasio was briefed on the shooting and was on his way to the scene, the mayor's Twitter account said. Gunfire broke out at 2:50 p.m. inside the Bronx Lebanon Hospital at 1650 Grand Concourse, according to the NYPD.