The Coming Home Business Boom
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.
3 percent increase in average hourly earnings left the year-on-year gain at 2. 5 hours in July, the most since January. The average workweek increased by 0. With both hours and hourly earnings rising, workers' take-home pay shot up 0.
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.
Construction payrolls rose 14,000 following three consecutive months of declines. 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.
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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. Government employment increased by 38,000 jobs as state and local authorities stepped up hiring of teachers.
Two or three years ago I spent a few months working with a leading business
opportunity and franchise show, living the gypsy life while giving seminars
on how to shop for franchises. This was during the late-1990s boom years of
early ecommerce and high employment. It was a great time to start a business. Who needs the risk
and trouble of a business launch when you can raise your earnings simply by
jumping from good-paying job to better-paying job. Yet attendance at these shows was down across the country. And with the stock market
sky-rocketing, you could accumulate wealth simply by shifting your nest egg
from one fast-flying stock to another.
In the early 19th century there was an industrial boom beach game, those that could see the financial benefits capitalized and created personal wealth. Again in the early 20th century that opportunity came again with the invention of the car.
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.
There are already opposition concerns that the restructuring of the military lacks parliamentary oversight and is going too far, with thousands of soldiers discharged, including around 40 percent of generals. Such solidarity may not last.
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
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.
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.
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.
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.
Erdogan, a polarizing figure seen by opponents as intolerant of dissent, has invited the heads of the secularist and nationalist main opposition parties to address the crowds in a display of national unity in defiance of Western criticism.
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