Job market shows strength in June
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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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The nation's economic slowdown may finally be coming to an end, with both the service and manufacturing sectors showing surprising strength in June even as prices for raw materials rise.
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US job growth revived last month, the government reported Friday, providing fresh ammunition for the presidential candidates as they debate the strength of the economy in the final two months before the election.
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The U.S. job market brightened in August as employers added 144,000 workers to their payrolls and hiring totals for the two prior months were revised up, the Labor Department reported on Friday.
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British retail sales climbed in June from the previous month, official data has shown.
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Stocks closed sharply higher on Monday, helped by more takeover activity and data showing increased manufacturing activity in June.
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Wall Street ended the first week of the third quarter with a respectable gain, shaking off early losses as investors found signs of strength in the June employment report.
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Employers added 132,000 jobs in June, fewer than in May but consistent with an economy still shaking itself out of a slump.
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The pace of hiring for U.S. companies in the fourth quarter is expected to be consistent with the solid employment activity of the past six months, and much improved from a year ago, according to Manpower Inc. .
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WASHINGTON -- Hiring perked up in August as employers added 128,000 jobs, pulling down the unemployment rate to 4.7 percent, sending a Labor Day message that the economic expansion still has staying power.
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Employers added a solid 132,000 new jobs in June and boosted payrolls more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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For youths who want to work this summer, the job market is strong. The bigger question seems to be, Who is going to take them?
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Business confidence hits a five month high in June, according to the Reuters tankan survey.
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WASHINGTON  - The US labor market smashed out of a summer-long quagmire, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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A gauge of U.S. online recruitment  activity rose for a fifth straight month in May as demand for  workers eased slightly but remained strong, a global online  careers and recruiting firm, said on Thursday.
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The prospect of finding a job in the area is still strong moving into the first quarter, according to the most recent Manpower Employment Outlook Survey.
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Investors are hoping this week brings some answers to the question of whether an improving U.S. economy unleashes inflationary forces, and one place to look will be in the June payrolls data.