Strong U.S. employment report brightens economic outlook
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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. Treasury dealers who do business directly with the Fed, 13 said the U.
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. Temporary-help jobs, a harbinger of future hiring, increased 17,000.
Construction payrolls rose 14,000 following three consecutive months of declines. Mining shed a further 7,000 jobs in July. Manufacturing sector employment increased by 9,000 jobs in July after adding 15,000 positions in June.
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.
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Within about 1-1/2
to 2 years we will see the ebook business grow fast. 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. Despite all this I still believe an ebook boom is coming.
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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.
"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.
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