• US services firms saw growth slowdown in July

    2 monthes ago - By Chron

    WASHINGTON - U.S. services companies grew at a slower pace in July as business activity and new orders slipped.
    The Institute for Supply Management says that its services index fell to 55.7 last month compared to 59.1 in June. Readings greater than 50 signal an expanding economy.
    The services sector, where most Americans are employed, has now grown for 102 straight months, or more than eight years.
    The index was pulled down by sharp monthly decreases in business activity and news orders, both of which had been relatively high in June. The employment component of the index improved last month.
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  • July Jobs Report: Payrolls Rise 157,000 and Unemployment Rate Drops to 3.9%

    2 monthes ago - By Fortune

    U.S. hiring cooled in July after more-robust gains than previously reported, while the unemployment rate slipped back below 4 percent and wage increases remained subdued, reinforcing a picture of steady labor-market growth in line with the Federal Reserve's outlook for gradual interest-rate hikes.
    Non-farm payrolls advanced 157,000 after an upwardly revised 248,000 increase, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg was for a gain of 193,000 jobs. Average hourly earnings increased 2.7 percent from a year earlier, unchanged from June and...
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  • Wall Street flat as tepid jobs data, trade fears weigh

    2 monthes ago - By Reuters

    U.S. stocks were flat on Friday, after gains in the consumer staples sector, boosted by Kraft Heinz's strong earnings, were offset by data which showed job growth slowed in July and as China proposed new tariffs on $60 billion worth of U.S. goods.
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  • The US manufacturing job market hasn't been this strong in over 20 years

    The US manufacturing job market hasn't been this strong in over 20 years

    2 monthes ago - By Business Insider

    The July jobs report, released Friday, fell short of topline expectations.
    But it showed that the manufacturing sector added 37,000 jobs and has added 327,000 jobs over the past 12 months.
    The 327,000 jobs added over the past 12 months is the highest 12-month total since April 1995.
    President Donald Trump said during the 2016 campaign that he would "restore manufacturing in the United States." The most recent jobs report gives him something to point to on that promise.
    While Friday's July jobs report disappointed overall on its topline numbers, the release showed that the manufacturing...
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  • Jobs Report Looks Solid Despite Slowdown in July Growth

    2 monthes ago - By Forbes

    The July jobs growth presented mostly solid data if you look beyond the headline figure of 157,000 missing expectations. Trade with China remains a possible concern today.
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  • Despite Strong Economy, Federal Deficit Soars

    Despite Strong Economy, Federal Deficit Soars

    2 monthes ago - By NPR

    Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.
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  • Toys R Us' bankruptcy delivered a big blow to the jobs report

    Toys R Us' bankruptcy delivered a big blow to the jobs report

    2 monthes ago - By Business Insider

    Toys R Us might be the reason why the US economy added fewer jobs than economists forecast in July.
    The jobs report released on Friday showed that no group of companies saw bigger losses than retailers of sporting goods, toys, books, and music.
    Toys R Us announced in January that it was closing all its US stores, meaning that over 31,000 workers lost their jobs.
    Toys R Us appears to have taken a chunk out of the US economy's job gains in July.
    The jobs report , released on Friday, showed that employers added 157,000 nonfarm payrolls, fewer than economists had expected. And the subsector...
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  • U.S. job growth slows in July, unemployment rate dips

    2 monthes ago - By Reuters

    U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening.
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  • Payrolls rise 157,000, missing expectations, but overall picture still strong

    2 monthes ago - By CNBC

    Payroll growth turned sluggish in July after two robust months.
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  • U.S. July payrolls rise less than expected

    2 monthes ago - By Reuters

    U.S. job growth slowed more than expected in July, likely due to companies' struggles to find qualified workers, and the unemployment rate declined, pointing to tightening labor market conditions.
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  • Futures flat after July jobs data

    2 monthes ago - By Reuters

    U.S. stock index futures gave up early gains to trade flat on Friday after data showed U.S. job growth slowed more than expected in July.
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  • U.S. job growth slows in July, unemployment rate drops

    2 monthes ago - By Reuters

    U.S. job growth slowed more than expected in July likely due to companies' struggles to find qualified workers and the unemployment rate declined, pointing to tightening labor market conditions.
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  • US employers add 157,000 jobs, jobless rate hits 3.9 pct

    2 monthes ago - By Chron

    WASHINGTON - U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.
    The Labor Department said Friday the unemployment rate ticked down to 3.9 percent from 4 percent. That's near an 18-year low of 3.8 percent reached in May.
    Employers added an average of 224,000 new workers in the first six months of this year, a faster pace than in 2017. The pickup has impressed many economists because it occurred late in the economic expansion, which has entered its 10th year and is now the second-longest in U.S...
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  • US employers added a modest 157,000 jobs in July, unemployment rate falls to 3.9 percent

    2 monthes ago - By Chron

    WASHINGTON - US employers added a modest 157,000 jobs in July, unemployment rate falls to 3.9 percent.
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  • US employers add 157,000 jobs, jobless rate hits 3.9 pct

    2 monthes ago - By Chron

    WASHINGTON - U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year.
    The Labor Department says the unemployment rate ticked down to 3.9 percent from 4 percent. That's near an 18-year low of 3.8 percent reached in May.
    Employers added an average of 224,000 new workers in the first six months of this year, a faster pace than in 2017. The pickup has impressed many economists because it's happening late in the economic expansion, which has entered its 10th year and is now the second-longest in U.S...
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  • Here comes the jobs report

    Here comes the jobs report

    2 monthes ago - By Business Insider

    The Bureau of Labor Statistics will release the July jobs report at 8:30 a.m. ET.
    Economists forecast that employers added 193,000 nonfarm payrolls on net last month, according to a Bloomberg survey.
    One signal that July was a strong month can be found in the low number of people filing for unemployment benefits for the first time. Initial jobless claims were near a 50-year low in the week the BLS conducted its survey for the jobs report, and haven't added up to more than 300,000 since March 2015. Jobless claims are an early sign of mass layoffs in the labor market, since many people apply...
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  • Strong US growth likely drove healthy job gain in July

    2 monthes ago - By Chron

    WASHINGTON - With a robust economy at their backs, optimistic employers likely added jobs at a solid pace in July.
    Economists forecast that employers added 191,000 jobs last month, down from 213,000 in June but easily enough to lower the unemployment rate over time. The jobless rate is projected to decline to 3.9 percent, near an 18-year low, from 4 percent.
    The Labor Department's monthly jobs report will be released at 8:30 a.m. Eastern Friday.
    Consumers are spending freely and businesses are stepping up their investment in buildings and equipment, boosting growth even as the economic...
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