Strong U.S. employment report brightens economic outlook
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.
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.
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After he'd cast out his makeshift setup, everything was quiet for awhile, until I heard a distinct "OOOF! 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.
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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.
Treasury dealers who do business directly with the Fed, 13 said the U. 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.
With both hours and hourly earnings rising, workers' take-home pay shot up 0. 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.
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inflation and a global economic growth slowdown. 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.
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Spider did a set of ungainly splits in the water, with me pulling on one leg and a 40-pound catfish pulling on the other. I was impressed with the big guy's agility, but it didn't seem like the right time to bring it up at the moment.
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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.
" Strangely, he didn't seem too happy about it. But this time, he was holding onto the boom, his legs pointed downstream. I looked to my left and saw Spider going into the river again. It looked like he'd hooked into the giant catfish we called "Old Granddad!
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. 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.
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