Posts Tagged ‘157000

07
Jul
11

but where are the jobs?

Reuters: U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by payrolls processor ADP showed on Thursday.

The private sector added 157,000 jobs last month, exceeding expectations for a gain of 68,000, according to a Reuters survey of economists.

…. U.S. stock index futures added to gains following the report, while the dollar gained more ground against the yen.

Friday’s jobs report is expected to show a modest rise in overall nonfarm payrolls of 90,000 for last month and a gain in private payrolls of 110,000….

On Wednesday, a stable employment reading from the Institute for Supply Management’s service sector survey suggested employment growth later in the year….. More here

Bloomberg: U.S. stock-index futures extended gains after an industry report showed companies added more jobs than forecast in June, bolstering confidence in the economic recovery…. More here

*****

Bloomberg: U.S. initial jobless claims fell for the first time in three weeks, a sign the labor market is making a little headway.

Jobless claims fell by 14,000 to 418,000 in the week ended July 2, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for a drop to 420,000. The number of people on unemployment benefit rolls and those getting extended payments also declined.




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