Strong U.S. employment report brightens economic outlook

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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.

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.

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.

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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.

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. 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.

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Whatever the future holds, Krabi is well on course to achieving record tourism figures simply because it is flexible and willing enough to adapt and offer its world famous hospitality to an ever changing and fickle holiday market nThe Centara Grand Lanta Island resort in Koh Lanta will begin welcoming its first customers in 2012 and the Ibis Krabi Ao Nang is expected to open its doors in 2013.

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.

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.

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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.

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