Economy steady but job growth moderate
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Job creation improved in August, but employment is below 50-year average, giving fodder to Kerry and Bush. By Ron Scherer | Staff writer of The Christian Science Monitor.
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Investor's Business Daily - Jobs and factories continued to expand at a modest pace as the U.S. economy showed resilience despite crumbling housing activity.
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WASHINGTON -- The unemployment rate held steady last month at 4.5 percent and wages rose moderately, the Labor Department said yesterday, indicating the overall job market remains solid despite the slumping housing market and struggling US auto industry.
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U.S. private employers likely added 125,000 new jobs in September, holding the unemployment rate steady at 4.7 percent and bolstering views that the economy has slowed enough to persuade the Federal Reserve to hold interest rates steady, according to a Reuters poll.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years but slightly better than previously estimated, data showed  on Thursday.
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A Federal Reserve report painted a generally positive picture of an expanding economy Wednesday, while noting that in some regions, including California and neighboring states, &quot;growth had moderated somewhat.
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Economic growth will likely pick up modestly in the second half and then return to near-trend growth in the first half of 2008, according to a survey conducted by the Philadelphia Federal Reserve Bank.
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A gauge of future economic activity rose modestly in January, an industry-backed trade group said Wednesday, suggesting the U.S. economy will continue to post modest gains in the coming months.
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The pace of job creation picked up modestly in August and the unemployment rate edged down, the Labor Dept. said.
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Treasury secretary says the U.S. economy is transitioning to a period of moderate, stable growth.
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The economy added 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was revised higher and the unemployment rate dropped, the government said on Friday in a report that eased fears over a sharp economic slowdown.
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The US economy will expand at a more moderate pace in 2007, according to a Securities Industry and Financial Markets Association forecast issued yesterday.
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The U.S. economy added a modest 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was stronger than first thought and the unemployment rate dropped, the government said on Friday, easing fears over economic weakness.
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The U.S. economy grew at a faster   clip and inflation was slower than originally reported in the   second quarter, a government report said on Wednesday,   suggesting the Federal Reserve will keep interest rates steady.
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The U.S. job market should improve steadily this year, while consumer inflation eases and oil prices decline -- all good news, that is, if nothing goes wrong with the sunny economic forecasts released in recent weeks by many private and government economists.
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The sluggish pace of job growth in November hasn&#39;t changed the odds for a quarter point interest rate hike later this month, but maybe it should.
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U.S. employers added 128,000 workers   to their payrolls in August, evidence of a cooler -- but still   solid -- pace of economic growth that could let the Federal   Reserve hold interest rates steady.