U S employers add 175000 jobs in May amid steady growth
The May 175000 job gain kept the U S economy resilient as the unemployment rate rose to 7.6 percent from 7.5. Labor force participation climbed to 63.4 percent with 420000 new job seekers, while higher paying roles remained scarce and government spending cuts continued to weigh on hiring. Analysts expect modest gains into later year.
MENTIONED IN THIS ARTICLE
Dan Greenhaus
Btig Sec
Joseph LaVergna
U.S
Deutsche Bank Securities
Stocks Jump After Job Report Pushes Market Higher
New York stocks rose sharply after a May jobs report showing U.S. employers added 175 000 positions, topping economists’ 170 000 forecast. More job seekers appeared, fueling expectations the Fed will maintain its stimulus program and refrain from tapering at the June 18 policy meeting. Federal Reserve purchases of 85 billion dollars monthly support low rates and asset demand.
MENTIONED IN THIS ARTICLE
New York
U.S
Fed
Federal Reserve
Phil Orlando
Federated Investors
Orlando
Tropical Storm Andrea moves up East Coast waterspouts feared
Tropical Storm Andrea accelerated along the East Coast after bringing heavy rain and tornadoes to Florida and Georgia. It weakened to 45 mph after landfall in Florida while the Carolinas faced floods and power outages. The National Weather Service issued flood, tornado and flash flood watches across multiple counties in both states.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
Florida
Andrea
South Georgia
Carolinas
National Weather Service
Al Dredge Gardens Showcases Premium Outdoor Furniture
Al Dredge Gardens presents a range of top of the line outdoor furniture. The collection highlights high quality pieces designed for durability and style for gardens and patios.
MENTIONED IN THIS ARTICLE
AL Dredge Gardens
Health care split in immigration reform debate in Congress
The fight over taxpayer subsidized health coverage for newly legalized immigrants shakes Senate talks and strains House negotiations. Republicans led by Marco Rubio insist Obamacare subsidies cannot go to those violating immigration law, while a bipartisan group aims to limit or exclude such benefits as the path to citizenship proceeds.
MENTIONED IN THIS ARTICLE
Washington
Congress
Senate
House
Barack Obama
Raul Labrador
Idaho
Labrador
Joe Wilson
South Carolina
Obama
Marco Rubio
R-Fla
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Archipelago
Big Spring St
Midland
Sylvan Bartlett
Bartlett
Ala
AEP
E. 8Th St
Ste
Sylvanbartletimd
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