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

Revision as of 21:45, 4 September 2016

More than a million Turks gathered in Istanbul on Sunday for a rally called by President Tayyip Erdogan to denounce a failed coup - a show of strength staged in the face of Western criticism of widespread purges and detentions.

Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth. 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.

Imagine a great film with a single character at its core - let�s go for the obvious example of Citizen Kane. Now imagine that the central role was played not by the charismatic Orson Welles, but by a typically bland TV actor of the time.

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inflation and a global economic growth slowdown. central bank raised interest rates for the first rise in nearly a decade last December, but since then has held rates steady amid concerns over persistently low U.

Erdogan, a polarizing figure seen by opponents as intolerant of dissent, has invited the heads of the secularist and nationalist main opposition parties to address the crowds in a display of national unity in defiance of Western criticism.

There are already opposition concerns that the restructuring of the military lacks parliamentary oversight and is going too far, with thousands of soldiers discharged, including around 40 percent of generals. Such solidarity may not last.

-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. Erdogan has vowed to rid Turkey of the network of U.

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.

Manufacturing sector employment increased by 9,000 jobs in July after adding 15,000 positions in June. Mining shed a further 7,000 jobs in July. Construction payrolls rose 14,000 following three consecutive months of declines.

The average workweek increased by 0. With both hours and hourly earnings rising, workers' take-home pay shot up 0. 3 percent increase in average hourly earnings left the year-on-year gain at 2. 5 hours in July, the most since January.

Tourists desperate to escape the bleak economic downturn and dismal weather in their own countries are turning to the beautiful Krabi climate and the outstanding value for money that Krabi holidays offer, for a much needed vacation. So much so, that many resorts and hotels in Krabi are complaining that flights to Krabi are over booked and insufficient to cater for the increase in demand nThis year, the months of January and February alone saw a substantial increase in Krabi villa and hotel bookings, partly attributed to the poor winter in Europe, Chinese New Year and half term holidays.

Even Erdogan's opponents saw his continued leadership as preferable to a successful coup renewing the cycle of military interventions that dogged Turkey in the second half of the 20th century. The brutality of July 15, in which more than 230 people were killed as rogue soldiers commandeered fighter jets, helicopters and tanks, shocked a nation that last saw a violent military power grab in 1980.

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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.

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.

employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.

"Erdogan has been brutal and unfair to us in the past, but I believe he has now understood the real importance of the republic's values," said Ilhan Girit, 44, a musician and CHP supporter, carrying a flag of Mustafa Kemal Ataturk, founder of the modern secular republic.

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