Strong U.S. employment report brightens economic outlook

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

One night, the three of us were sitting side by side in the dark, drinking cocoa and talking about life, when I suddenly felt a tug on my line. I jerked back to set the hook, and my pole hit Spider squarely across the face. My idea of a rousing Friday night was for Spider McGee, Digger Sanby and me to grab our poles and head for a night's fishing on the log boom.

"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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By the time he'd finally stopped whimpering, I'd landed my fish. In true �make do� fashion, Spider tried to salvage the night by pulling a bunch of line out of his tackle box and tying the whole setup to his ankle. After he'd cast out his makeshift setup, everything was quiet for awhile, until I heard a distinct "OOOF!

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.

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-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.

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.

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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.

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.

Yet attendance at these shows was down across the country. It was a great time to start a business. Two or three years ago I spent a few months working with a leading business
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