Arab Today, arab today us hiring remains strong in july
Last Updated : GMT 19:06:29
Arab Today, arab today
Arab Today, arab today

US hiring remains strong in July

Arab Today, arab today

Arab Today, arab today US hiring remains strong in July

Job seekers check out opportunities at a job fair in Chicago
Washington - AFP

The US economy generated 209,000 new jobs in July, down from June but maintaining a solid 200,000-plus monthly streak since February, the Commerce Department said Friday.
The unemployment rate rose by 0.1 points to 6.2 percent, but it remained near its lowest level in nearly six years and well down from 7.9 percent at the start of 2013.
It was the first time since 1997 that the economy had added more than 200,000 jobs a month for six months straight.
New jobs were well-spread between the construction, manufacturing, professional service and retail sectors, and got a boost as well from 11,000 new jobs in the government sector.
Nevertheless, the number of unemployed rose by nearly 200,000 to 9.67 million, in part because of the constant increase in the number of working-age Americans, as well as a return to the labor force by tens of thousands of people who had dropped out and were not previously counted as unemployed.
Harm Bandholz of UniCredit pointed out that the return of dropouts has added more than a half-million people to the labor force over the past six months.
"This is fundamentally a very positive development, even as it puts some upward pressure on the official jobless rate," he said.
- 'Clearly getting stronger' -
President Barack Obama lauded the report as another sign that the economy is "clearly getting stronger."
"Companies are investing, consumers are spending. American manufacturing, energy, technology, autos, all are booming," he said.
But he complained that Congress, led by his Republican opponents, has stymied attempts to build on the recovery by obstructing measures to favor job growth and higher incomes.
"There are steps we could be taking that would result in more job growth, higher wages, higher incomes, more relief for middle class families," he said.
Despite the gains, the July jobs data showed continued weaknesses that underscored Obama's call for more support for the economy.
Average weekly earnings ticked up only slightly, suggesting, as the Federal Reserve said Wednesday, that there is still slack in the labor market despite the steady gains in job creation.
The rate of participation in the labor force was 62.9 percent, nearly the lowest in decades; the number of long-term unemployed, a particular worry for policy-makers, ticked up to 3.2 million; and the number of people working part-time because they could not find full-time jobs was flat at 7.5 million.
Those numbers are important as economists and policy makers debate whether the economy is accelerating and inflation is picking up, which would mandate tighter monetary policy from the Federal Reserve.
On Wednesday official data showed the economy grew a fast-paced 4.0 percent in the second quarter. But that was mainly a rebound from the 2.1 percent contraction of the first quarter, and economists expect the economy is already decelerating from the second-quarter pace.
The policy debate has focused on the question of whether the labor market is tightening, which would add to inflation.
"We can debate measures of slack all day. But the fact is, there's basically no inflation or wage pressure," University of Michigan economist Justin Wolfers said in a tweet.
Economist Chris Williamson of Markit said he expects, in fact, the job creation numbers to slow.
"With companies reporting growing uncertainties to the business outlook, it's perhaps not surprising that the rate of job creation is showing sign of cooling and could continue to ease in coming months."
US markets, on edge for any sign of inflationary pressures, reacted modestly to the new data. Stocks slipped further after Thursday's 2 percent losses, with the S&P 500 down 0.2 percent in late trade.
The dollar, which had steadily climbed against the euro over the past two weeks, slipped to $1.3424 per euro.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us hiring remains strong in july Arab Today, arab today us hiring remains strong in july

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday