Payrolls Growth Significant in June
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WASHINGTON -- Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell.
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The increase in consumer spending, reported by the Commerce Department today, marked a turnaround from the 0.2 percent decline in June.
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Jobs report shows robust economy in June.
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Manufacturing output climbed in June, official data has shown, but at a slower pace than had been forecast by analysts.
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Consumer prices rose by a slightly bigger-than-expected 0.2 percent in June on higher food costs and they were up by the same amount after stripping out volatile food and energy prices, the Labor Department reported on Wednesday.
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The Institute for Supply Management said that its manufacturing index rose to 56 in June. The reading marked the fifth consecutive month of growth.
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.
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U.S. private sector wage growth   should continue to accelerate in the months ahead on the back   of a healthy employment climate, according to a survey released   on Tuesday.
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After job growth skidded nearly to a halt in June and July, signs are emerging that companies are ready to jump-start hiring and might already be expanding their payrolls at a faster pace.
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The number of U.S. workers applying  for jobless benefits rose by an unexpectedly steep 12,000 last  week to 321,000, government data showed on Wednesday, but  remained at levels still pointing to a healthy labor market.
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NEW YORK -- The nation's service economy expanded at a faster-than-expected pace in June, a resesarch group said Thursday suggesting soaring gas prices and inflation aren't dampening strength in industries such as banking, retail and travel.
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Growth in the service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signaled strength in the economy.
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Manufacturing growth in the U.S. Mid-Atlantic region accelerated much more than expected in June, suggesting the nationwide factory sector could be in for a surprisingly strong recovery, data showed on Thursday.
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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.
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Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.
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The dominant service sector grew more than expected in May, according to a report released on Tuesday.
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Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell.