Strong U.S. employment report brightens economic outlook
With
a little experimentation the cover of the monitor-reader could
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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.
Running a company from your
spare bedroom no longer meant you spent your day holding Mary Kay and
Tupperware parties. In earlier down cycles, while collar workers were
immune to layoffs as companies trimmed blue-collar manufacturing jobs. We can thank the last major down cycle for taking the stigma out of home
enterprises. The early-to-mid 1980s saw corporations laying off while collar
workers for the first time. The
laid-off white collar workers became consultants and worked from home. Suddenly the home enterprise was legitimate.
With that, I'm off the soapbox and wishing you
success in whatever you do online! The above are just some observations from "the peanut gallery",
but I don't think I'm far off the mark about where things are
heading.
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The biggest recent factor to fuel this boom came on September 11. Parents of young children are probably growing
disenchanted with the life of daycare and office buildings in the new world
that abruptly appeared on September 11. There are
certain to be millions across the nation now who shudder as they commute to a
tall office building. Since job alternatives are scarce
during this downturn, you can expect people to start visiting business
opportunity fairs seeking home-based enterprise opportunities. The attack has also dramatically increased our desire
to stay close to family.
With both hours and hourly earnings rising, workers' take-home pay shot up 0. 5 hours in July, the most since January. The average workweek increased by 0. 3 percent increase in average hourly earnings left the year-on-year gain at 2.
"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.
Such solidarity may not last. 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.
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.
have an
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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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