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

Revision as of 07:04, 5 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.

"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.

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.

Banners read "You are a gift from God, Erdogan" or "Order us to die and we will do it". But it was also the first time in decades that major opposition parties joined a rally in support of the government in the nation of almost 80 million.

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.

Amid the cooling of ties with the West, Erdogan is due to meet Russian President Vladimir Putin on Tuesday in St Petersburg for talks intended to end a period of tension after Turkey downed a Russian fighter jet near the Syrian border last November.

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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.

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. 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.

In addition, 18,000 more jobs were created in May and June than previously reported. 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.

nTo cope with the dramatic swell in tourist numbers, Krabi construction companies are busy with a number of new high profile projects that will significantly improve the number of quality hotels and resorts in the region. Both the Mercure Krabi Deevana in Ao Nang and the Beyond Resort Krabi in Klong Muang are scheduled for completion in the last quarter of 2011

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

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The first one was the admission of Greece into the European Union in 1981, and the second one, the return of Olympic games in Athens in 2004. Least to say, these are well developed urban areas with the air links and sea routes arriving in from and leading out to the entire globe. These places are scattered allover its mainland, the coastal area and several of its well-known islands. There is no definite answer as to why this latest upsurge may have taken place in the Greek property market, but the analysts attribute two major geopolitical events for this transformation. Greece property provides the buyers with an option to buy holiday homes, villas and apartments over a wide range of tourist places.

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. 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

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