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

Revision as of 06:37, 6 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.

Nonfarm payrolls rose by 255,000 jobs after an upwardly revised 292,000 surge in June, with hiring broadly based across the sectors of the economy, the Labor Department said on Friday. In addition, 18,000 more jobs were created in May and June than previously reported.

"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.

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.

But our friend was safe, but the funny was, Spider never even bothered to thank me for saving his life. His pant leg was shredded, and it seems that he'd lost a boot when Old Granddad made his escape. We finally managed to reel Spider back onto the boom�no mean feat, considering I was only using 10-pound test.

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.

Treasury dealers who do business directly with the Fed, 13 said the U. central bank would raise its target interest rate by a quarter percentage point by the end of the year, compared with 8 of 15 primary dealers in a July 8 poll.

It will
not replace paper books, but it will be a strong rival, especially
in text books, technical books and business books. The
boom wasn't stopped; it was merely delayed. Within about 1-1/2
to 2 years we will see the ebook business grow fast. Despite all this I still believe an ebook boom is coming.

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The permission to buy properties can be obtained from the chief administrative or judicial officer in the area of concern. These are, having a Greek bank account, being enrolled as a tax payer in Greece and getting a prior permission to buy properties in certain areas. It should also be noted down that, those hailing from the European Union should easily be able to own properties in their names, as compared to those from the non-EU countries.

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.

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.

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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.

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. inflation and a global economic growth slowdown.

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