Friday, July 5, 2013

U.S. Adds 195,000 Jobs - Unemployment Remains 7.6% - NYTimes.com

It continues!!


U.S. Adds 195,000 Jobs - Unemployment Remains 7.6% - NYTimes.com: "The economy added 195,000 jobs in June, the Labor Department reported Friday morning, slightly more than analysts had been expecting and suggesting steady growth.

Wall Street has been feverishly awaiting the June employment report. Not only does it provide another indicator of overall economic strength, it also affects the timing of the Federal Reserve’s decision to start tapering a major part of its stimulus efforts.

Along with job creation, the Fed is closely watching unemployment levels. The unemployment rate, which is based on a separate survey from the one that tracks jobs, remained at 7.6 percent, unchanged from May."

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