United States jobs report: July disappoints with only 157,000 jobs added
05 August, 2018, 22:43 | Author: Kristi Dunn
While the overall unemployment rate continues to bounce around 4%, the broadest measure of unemployment just fell to a new low in this recovery.
Martha Gimbel, director of economic research for the job board Indeed, said the job growth was "amazing". "This is an issue not just for the US, but in every other developed market". Transportation, mining and financial services did not hire much in July.
Wall Street finished higher despite the disappointing jobs report, which coincided with a surprising leap in the trade deficit.
Employment by nondepository mortgage companies in June increased for the third consecutive month as seasonal hiring continued even though home resales inched down another notch.
But paychecks grew only slightly - up 2.7 percent compared to the same time a year ago.
After remaining elevated for years after the Great Recession, the number of part-time workers who would prefer full-time work has fallen almost 13 percent in the past year and now stands at 4.6 million. The Fed is unlikely to accelerate its rate hike plan if wages growth remains stagnant.
Despite the attention given to the "retail apocalypse", retailers have actually added 96,000 jobs in the past 12 months. Leisure and hospitality was a main contributor with 40,000 jobs, while health care and social assistance added 33,500 and professional and business services added 51,000 - including about 28,000 in temporary help, the most in more than a year.
The average workweek for all private employees decreased to 34.5 hours, from 34.6 hours. The Federal Reserve is on track to raise interest rates two more times this year and several times next year.
"House price appreciation has exceeded wage growth for six years, so any signal that wage growth may be closing the gap is good news", said Fleming. Consumer prices rose 2.9 percent in June from a year earlier, more than the average wage gain. 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. Yet auto fix work requires more technical skills than the past because of the increasing concentration of computers and electronics in newer cars.
Still, with unemployment at historically low levels and after a decade of steady job creation, employers across the United States complain of a widespread shortage of qualified labor and say they are struggling to fill open positions and being forced to offer higher compensation to attract and retain talent.
The city's Department of Emergency Services urged people living on a number of roads near the dam to evacuate Thursday night. This includes the following streams and drainages: James River, Blackwater Creek, Williams Run and Ivy Creek.
Some restrictions do apply - single clothing items over $75 and individual back to school supplies over $20 will be taxed. It definitely helps with traffic and sales, having the tax free, everybody likes that savings", explained Pinson.
Mr Trump is aiming to reduce his country's $375.6 billion goods trade deficit - the gap between imports and exports - with China. An all-out trade war could overshadow Trump's otherwise solid economic record of low unemployment and stimulus-fuelled growth.
The violators are likely to be booked under charges of unsafe driving under the The Motor Vehicles Act, he added. The Gujarat Police on Tuesday warned taking up the Kiki challenge may land one in a hospital bed or behind bars.
Revenue for the second quarter tallied 58.48 trillion won, down 4.1 percent on year and 3.4 percent on quarter. The IM division's networking business, however, won a solid growth fueled by investment in LTE networks.
That hybrid, named Kekaimalu, still lives at the marine mammal park, where she helps teach children about genetics. Researchers in Hawaii say they have discovered a whale-dolphin hybrid, which is essentially a mule of the sea.
Russian Federation has denied the finding of US intelligence agencies past year that it interfered to sway the election to Trump. The former NY mayor and federal prosecutor echoed a sentiment he expressed earlier in the day on " Fox and Friends ".
They will then start playing for real on August 12, with the Premier League regular season opener at home against West Ham United. Whereas Firmino is fain to drop deep and leave space for Mane and Salah, Sturridge spends far longer facing the opposition goal.
But trade - and Trump's aggressive actions on tariffs - remain a sticking point for some of the Koch stalwarts. Bill Nelson, saying it's time for Florida to vote him out of office at a Tampa, Florida, rally.
Israel's Navy intercepted a ship in the latest Gaza Freedom Flotilla attempting to breach Israel's naval blockade of Gaza. Freedom Flotilla was intercepted by the Israeli navy on Sunday afternoon approximately 70 from the Gaza Strip shore.
Trump rallying support for Florida GOP congressman
Twitter users wonder if Trump has ever purchased his own groceries after he makes a freakish claim at Florida rally. So he's airing an ad that shows him using toy blocks to teach his young daughter how to build Trump's border wall.
States going to court to challenge mileage rule
The administration's rule aims to preempt California's Clean Air Act (CAA) waiver and argues that it should be pulled entirely. The Corporate Average Fuel Economy standards require automakers' cars to average about 50 miles per gallon by 2025.
Armed homeowner shot by Colorado police after killing intruder
The armed man, however, was identified as Richard "Gary" Black Jr.by Siddhartha Rathod, a lawyer representing his family's estate. The officer who fired his weapon has been placed on administrative reassignment with pay, according to the news release.