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Sep 4, 2015

U.S. labor market shows some muscle despite slower job growth

WASHINGTON (Reuters) – U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month.

Nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, the Labor Department said on Friday. August’s gain was the smallest in five months as the factory sector lost the most jobs since July 2013.

Sep 4, 2015

U.S. job growth slows, unemployment rate falls to 5.1 percent

WASHINGTON (Reuters) – U.S. payrolls rose less than expected in August, but a drop in the unemployment rate to a near 7-1/2-year low of 5.1 percent and an acceleration in wages kept alive prospects of a Federal Reserve interest rate hike later this month.

Nonfarm payrolls increased 173,000 last month as the manufacturing sector lost the most jobs since July 2013, the Labor Department said on Friday. It marked a slowdown from July’s upwardly revised gain of 245,000 and was the smallest rise in employment in five months.

Sep 4, 2015

U.S. job gains seen solid in August, spotlight on Fed

WASHINGTON, Sept 4 (Reuters) – The U.S. economy likely added
jobs at a steady pace in August and the unemployment rate
probably fell to a near 7-1/2-year low of 5.2 percent, which
could allow a cautious Federal Reserve to consider a September
interest rate hike.

A Reuters survey of economists forecast nonfarm payrolls
increased by 220,000 last month, up from 215,000 new jobs in
July.

Sep 3, 2015

Shrinking U.S. trade gap shows economy’s underlying strength

WASHINGTON (Reuters) – The U.S. trade deficit fell in July to its lowest level in five months as exports rose broadly, signaling underlying strength in the economy amid concerns about a global growth slowdown.

While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend in jobless claims remained consistent with a strengthening labor market.

Sep 2, 2015

U.S. private payrolls rise misses expectations; productivity revised up

WASHINGTON (Reuters) – U.S. private employers added fewer-than-expected workers in August, but the labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.

The ADP National Employment Report on Wednesday showed private payrolls increased 190,000 last month. While that was below economists’ expectations for a gain of 201,000 jobs, it was a step-up from the 177,000 positions created in July.

Sep 1, 2015

U.S. manufacturing slowdown adds wrinkle to economic outlook

WASHINGTON, Sept 1 (Reuters) – U.S. factory activity braked
to a more than two-year low in August, but sturdy gains in
automobile sales and construction spending suggested the economy
remained on solid footing.

The sharp slowdown in manufacturing, which has been hurt by
a strong dollar and deep spending cuts in the energy sector, was
probably an early indication of fallout from the recent turmoil
in stock markets, economists said.

Aug 28, 2015

Consumer spending rises in July; inflation muted

WASHINGTON (Reuters) – U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.

The Commerce Department said on Friday consumer spending increased 0.3 percent after an upwardly revised 0.3 percent rise in June. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was previously reported to have gained 0.2 percent in June.

Aug 28, 2015

U.S. consumer spending rises in July; inflation muted

WASHINGTON, Aug 28 (Reuters) – U.S. consumer spending picked
up a bit in July as households bought more automobiles, offering
further evidence of strength in the economy that could keep the
door open to a Federal Reserve interest rate hike this year.

The Commerce Department said on Friday consumer spending
increased 0.3 percent after an upwardly revised 0.3 percent rise
in June. Consumer spending, which accounts for more than
two-thirds of U.S. economic activity, was previously reported to
have gained 0.2 percent in June.

Aug 27, 2015

U.S. second-quarter GDP growth revised sharply higher to 3.7 percent

WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.

Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate.

Aug 27, 2015

U.S. Q2 GDP growth revised sharply higher to 3.7 percent

WASHINGTON, Aug 27 (Reuters) – The U.S. economy grew faster
than initially thought in the second quarter on solid domestic
demand, showing fairly strong momentum that could still allow
the Federal Reserve to hike interest rates this year.

Gross domestic product expanded at a 3.7 percent annual pace
instead of the 2.3 percent rate reported last month, the
Commerce Department said on Thursday in its second GDP estimate.