July, Government Report | featured news

july, government report
(Image from article: "Unemployment dips to 9.1% as employers add 117,000 new jobs")

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U.S. Consumer Spending Rallied in July

U.S. Consumer Spending Rallied in July

Spending rebounded strongly to post the largest increase in five months, the Commerce Department said.

 

Unemployment dips to 9.1% as employers add 117,000 new jobs

Unemployment dips to 9.1% as employers add 117,000 new jobs

Job growth in the U.S. rebounded higher in July and the unemployment rate edged lower, the government reported Friday, providing a pinch of good news amid turmoil in global markets and intensifying fears of a recession.

 

Private-Sector Jobs Increase by 114,000

Payroll firm ADP said private businesses added 114,000 jobs in July, more than expected, but similarly strong figures last month contrasted with government data.

 

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