Concerns about a slowdown 'premature' - jobs report reactions

Concerns about a slowdown 'premature' - jobs report reactions

The U.S. economy added 222,000 jobs in June, much more than economists were expecting, the Labor Department said Friday.

Even with June's strong hiring, average hourly pay rose just 2.5 percent from a year earlier, below the 3.5 percent typical of a healthy economy. USA job creation rebounded in June while the unemployment rate ticked higher as more people entered the work force in search of jobs, the Labor Department reported today.

Average wages rose 2.5% year-on-year, which analysts said was a sign the market still had room to improve.

The remaining 1.1 million people marginally attached to the labor force in June had not searched for work in the past month for reasons such as school attendance or family responsibilities, according to the BLS.

In the month of May, the average work per week was increased from 34.4 hours to 34.5 hours.

Qatar continues with negative response to the demands
Meanwhile, Emirati Foreign Minister Abdullah bin Zayed Al Nahyan kept up the pressure on Qatar . No further decisions or steps were announced by any of the foreign ministers.

The new numbers come as the president engages in his second foreign trip as president. This is essentially unchanged from last month.

Job gains for April and May were revised higher by 47,000. When the unemployment rate begins to plateau, that may suggest that the economy is running short of excess workers, and that wage gains and inflation are on the way.

Employment has been trending upward in some of the biggest sources of employment, like the education, health services and business services sectors.

Other industries, including manufacturing, construction, wholesale trade, retail trade, transportation and warehousing, government and information, saw little change in employment for the month.

Unemployment nudged up by 0.1 percent to 4.4 percent, an indication that more people are feeling confident enough to re-enter the workforce and look for a job.

Venus Williams Sued After Killing A Man In Car Accident
While Williams was not given a citation by police for the crash, she was found at fault for failing to yield the right of way. The reporters gave Williams about a minute to collect herself, before she made a decision to end the press conference early.

And the number of Americans not in the labor force - after four straight monthly gains - dropped a bit to 94,813,000.

Expectations for a June job increase were around 179,000 - a figure that was easily exceeded.

Social-assistance employment rose by 23,000, financial-activities employment rose by 17,000 and mining jobs rose by 8,000.

Overall, the USA economy added 222,000 jobs in June, more than economists had expected. (Usually, the two tend to move in opposite directions.) There has been a general return of volatility to the stock market after months of steady, incremental gains.

In Massachusetts, more people are entering the work force - and the labor force participation rate is increasing.

Pacquiao V Horn fight to be Australia's top box office hit
Pacquiao has compiled a 59-6-2 record in his storied career, but his results have taken a downward turn over the last half-decade. Mayor Evelio Leonardia said he is not yet sure if he will join Team Pacman in Australia because he has yet to talk to Pacquiao.

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