Difference between revisions of "Strong U.S. employment report brightens economic outlook"

Revision as of 12:00, 4 September 2016

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The early-to-mid 1980s saw corporations laying off while collar
workers for the first time. Running a company from your
spare bedroom no longer meant you spent your day holding Mary Kay and
Tupperware parties. Suddenly the home enterprise was legitimate. We can thank the last major down cycle for taking the stigma out of home
enterprises. In earlier down cycles, while collar workers were
immune to layoffs as companies trimmed blue-collar manufacturing jobs. The
laid-off white collar workers became consultants and worked from home.

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"The July jobs report was everything you could have asked for and more. Provided the strength in jobs is confirmed with other economic data, the Fed will have sufficient reason to hike (rates) this year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York.

Erdogan has vowed to rid Turkey of the network of U. -based cleric Fethullah Gulen, whose followers in the security forces, judiciary and civil service he accuses of orchestrating the attempted power grab and of plotting to overthrow the state.

Temporary-help jobs, a harbinger of future hiring, increased 17,000. Government employment increased by 38,000 jobs as state and local authorities stepped up hiring of teachers. Healthcare and social assistance payrolls rose by 48,800 jobs, extending the prior month's hefty gains.

Professional and business services, a high wage sector, added a strong 70,000 jobs last month, the most since last October. Retail sector employment increased by 14,700 jobs and payrolls in the leisure and hospitality sector rose by 45,000.

TAT has been focusing on promoting Thailand as the destination of choice for new niche tourist markets such as female and wellness travellers and their sustained campaigns and marketing activities seem to be paying off, luring more tourists to Thailand than ever before nWell, tourism is on the increase in Thailand overall, with the Tourism Authority of Thailand (TAT) projecting that revenue from both international and domestic tourism will reach 1 trillion baht and that the total number of international visitors will surpass 15 million in 2011.

Last month's strong jobs growth should reinforce the Fed's confidence in a labor market that officials view as at or near full employment. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth.

Other details showed a rise in the labor force, which lifted the participation rate, or the share of working-age Americans who are employed or at least looking for a job, by one-tenth of a percentage point to 62.

But a broad measure of unemployment that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment rose one-tenth of a percentage point to 9.

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