The rise in the USA unemployment rate isn’t bad news
The rise in the USA unemployment rate isn’t bad news
US jobs growth stronger than expected
08 July, 2018, 16:56
Here's what the latest report means for American workers and the U.S economy as we approach the second half of 2018. That loss wiped out most of the 25,000 jobs the sector had added in May.
U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labour market is still absorbing spare capacity. But significant pay gains have yet to emerge in the economic data.
The overall picture is again one of a strengthening labor market, but one that is still not tight enough to produce substantial wage growth. "Clearly there are some sectors like trucking where wages are going up, but warehousing wages really collapsed and are only now just $12 or $13 an hour". That's consistent with other reports showing strength in factory activity. The Wall Street Journal credited new manufacturing with the positive news.
In its report July 6, the government revised up its estimate of job growth in May and April by a combined 37,000. With the job market expanding and new workers flooding in, some employers may not feel pressure to hike wages for their employees.
It's the longest streak on record. These people ultimately are classified as discouraged workers, who first fall down into a subset of the unemployment statistics (where the unemployment rate is now 7.8 percent in June compared with 7.6 percent in May) until they ultimately disappear completely from the workforce.
The big story in Friday's report, however, was the increase in labor force participation, which rose from 62.7% in May to 62.9% in June.
"Let's remember that for some time, the unemployment rate has been below the level typically associated with 'full employment, ' but the relatively robust level of hiring being seen suggests there's more room" for the jobless rate to drop, he added. The unemployment rate rose by 0.3 percentage points in June for college grads.
While economists say the tax cuts are boosting growth this year, they warn that Trump's actions on trade could have damaging impacts on the economy and jobs. Swonk said the industry "suffered a blow during the month as announced store closings finally kicked in". Levies on $34 billion in Chinese goods took effect at 12:01 a.m. Friday.
Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs. Employers kept hiring even as fears grew of a global trade war.
But steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
But the Trump administration's "America First" trade policy, which has tipped the United States into a trade war with China poses a risk to the labor market and economy. She also worked at an investment firm in London.
Coming as standard with a five-speed manual transmission, the K15C is 15 percent lighter than the M13AA from yesteryear. Suzuki has just confirmed the 2019 Suzuki Jimny will go on sale in Australia during the first quarter of next year.
As well as potentially hard talks ahead with Brussels, Mrs May also faces the task of winning over Eurosceptic backbenchers. These and other provisions would meet the public expectations for what Brexit would entail, she said.
For this project, Kapoor not only had to emulate Dutt's body language and mannerisms but also physically look like him. Infact, he had pledged not to do the film if his looks did not match with Sanjay Dutt from the word go.
But Narongsak said it would probably take even longer - until December or January - for the water level to get that low. The death on Friday of a former Thai navy SEAL, Saman Gunan, underscored the risks of making the underwater journey.
Divers were also brought in to see if any passengers were trapped inside the sunken " Phoenix Diving", he added. Officials said the Thai Royal Navy is assisting in the rescue with divers and helicopters.
Stipe Miocic during the UFC 226 ceremonial weigh-in event at T-Mobile Arena in Las Vegas, Friday, July 6, 2018. His win over Mark Hunt was declared a no-contest after he tested positive for a banned substance.
Zuckerberg and his wife, Priscilla Chan, have pledged to give away 99 percent of their Facebook stock over their lifetimes. Zuckerberg now trails only Amazon founder Jeff Bezos and Microsoft Corp co-founder Bill Gates .
Fed officials also increased their projection for the number of rate hikes they plan to make this year from three to four. At the June meeting, they voted to raise the benchmark rate for a second time this year to a new range of 1.75% to 2%.
It was England's eighth set-piece goal of its 11 in Russian Federation , and the center back's first in worldwide soccer. England's World Cup quarter-final against Sweden could be played in front of as many as 10,000 empty seats in Samara .
Pokemon GO Increases Pokemon Storage Limit
Trainers possessing a gold Pikachu medal will be able to purchase all related items, including a T-shirt and Pikachu ears. To celebrate the game's second birthday, Niantic is letting Pikachu in on the sunglasses fun alongside our boy Squirtle .
Former NBA First-Round Pick Clifford Rozier Dies at 45
Unfortunately, his National Basketball Association career did not take off because he could not stay healthy, according to Yahoo . Kobie Rozier told TMZ Sports that Clifford "went into cardiac arrest two days ago and was put on life support".
Michael Cohen adds former Bill Clinton lawyer to legal team
Federal prosecutors in Manhattan are investigating Cohen for alleged violations of election law and possible financial crimes. Trump allegedly said he saw through Cohen's "scam" and "immediately walked out" of the interview, as reported by Deadline .
Trump focused on Kavanaugh, Kethledge for Supreme Court
As Trump was about to take office, there was what some call an emerging vacancy crisis, with some 100 openings in the judiciary. Susan Collins of ME affirmed to reporters Wednesday she will not affirm a nominee with "demonstrated hostility" to Roe v.
India Look To Clinch Series
Hales was included in the side in place of injured all-rounder Ben Stokes, but on current form, it will be tough to leave him out. In fact, India's last series' loss with more one T20I game also came against the same opposition, at Florida in August 2016.
Rory McIlroy says he doesn't lose sleep over major hunt
I wish I could have birdied the two par fives but looking back, all in all, I think it was a good day. "I did that at Augusta". You can't put it in bunkers off the tee. "I've learnt as I went along and I feel this year I'm right where I need to be".
The Toyota Supra will be racing in NASCAR next year
The Supra has a long racing history having competed in several series in the '80s and '90s before Toyota discontinued the auto . In its stead, the Japanese auto giant will field a race vehicle that previews the look of the upcoming Toyota Supra .