Hospitals add 7.3k jobs in July, continue job growth

Hospitals add 7.3k jobs in July, continue job growth

Average hourly earnings rose by 9 cents to $26.36 in July. With these revisions, employment gains in May and June combined were 2,000 more than previously reported.

And for years, the missing ingredient in the job report has been robust wage growth, although pay has occasionally jumped on a monthly basis. Still, that leaves the growth at about 2 percent in the first half of the year, the same modest pace of growth the USA has experienced since the Great Recession.

The data are unlikely to change near-term policy.

Kaskhari has said all year he wanted the Fed to hold off hiking rates until inflation firms.

The battered retail sector added 900 jobs in July. Instead, gains have likely come from reductions in harmful regulations that make it easier to run businesses in the U.S.

Hiring was particularly strong in restaurants and bars, which added 53,100 jobs. Disney reports fiscal third-quarter earnings after the close on Tuesday.

"Over time, there's little doubt that as the labor market gets tighter and tighter, wages and salaries will eventually rise".

"Instead of creating jobs or raising workers' wages, the Republican Congress spent seven months doing everything it could to raise Americans' health costs to hand tax breaks to the richest", Pelosi said in a statement Friday.

Expectations were for wages to rise 0.3% month-on-month and 2.4% over the prior year.

One issue may be that workers aren't changing jobs. In other words, it's not simply a matter of Americans not finding work when they do choose to be part of the labor force, but of Americans choosing to drop out because they can afford to.

There are still some underlying signs of softness in the labor market.

In all, six sectors saw wage growth below the 2.5 percent total, and four sectors exceeded it.

Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said there were some one-time factors affecting the trade numbers. It's expected to show no big improvement in the pace of wage growth.

"I think we're getting to the point in many places...where they're saying, "It's going to cost me too much money not to hire the extra labor". The U-3 figures have plateaued more or less around 4.3% over the last few months, while the U-6 unemployment rate has been at 8.6% three of the last four months.



Related Posts

National Night Out events happening Tuesday
Police these days say they're under a microscope which makes gaining and keeping the community's trust that much more important. There will be free food, live music, a rock wall and a police K-9 unit, according to the event's Facebook page.

Shoppers can save with tax holiday
The Messenger reminds readers that the Iowa Sales Tax Holiday is an excellent opportunity to acquire needed items at a saving. A House Minority Leader Brad Jones bill (H 1548) to hold the holiday August 12 and 13 is also before the Revenue Committee.

Eduardo Nunez might be the spark the Red Sox offense needs
It may not seem possible that the Sox could be back in first place, largely due to all the negativity that has followed the club. Giants closer Mark Melancon (right pronator strain) will pitch for San Jose in his next rehab appearance Wednesday.

Here's what Russia's decision to reduce diplomatic staff will actually mean
Moscow had held off reacting in the hopes that the door to better US-Russia ties would be open under Trump, Jatras recalled. He said Russian Federation has a "very rich toolbox" at its disposal in terms of other possible moves.

Solar eclipse to delay dismissal of area schools August 21
The total solar eclipse that will be visible in parts of the U.S. on August 21 is the most anticipated event of the summer. In the Quad-Cities, weather permitting, a partial eclipse will occur, with the moon covering a good part of the sun.

Bitcoin Civil War Could Create Cryptocurrency Clone
Karen called for margin traders who are anxious about potential losses to close out their accounts entirely before the fork. Bitcoin's market capitalization was at $45.3 billion today , which is 51.1% of the overall space's market capitalization.

Governor uses veto pen on school funding bill
Compared to the current bill, Rauner's version would cause CPS to lose $203 million, according to calculations from his office. Once the Senate reads Rauner's veto into the record, which could happen as soon as today, the clock starts ticking.

Senators must deliver on healthcare bill
White House adviser Kellyanne Conway says the president is not accepting that it is "time to move on" after last week's defeat. The White House is insisting that the Senate resume efforts to repeal and replace the nation's health care law .

Who are Venezuela's jailed opposition leaders?
The U.S. had earlier warned the socialist government there'd be consequences if Maduro went ahead with Sunday's election . The election received criticism from around the world, including from Venezuela's traditional allies.

Threat to Obamacare may not be possible
White House counselor Kellyanne Conway announced that president Trump would decide this week whether to cut the payments or not. She said insurers in Virginia and New Mexico built in increases of up to 20 percent, assuming lax enforcement of the law.

© 2015 Stump Report. All Rights reserved.