Sunday, July 03, 2011

Payrolls in U.S. Probably Rose at Pace That Failed to Reduce Jobless Rate

Bloomberg reports:
Employers in the U.S. probably expanded payrolls at a pace that failed to reduce the unemployment rate in June as companies sought to contain costs amid slower growth, economists said a report may show this week.
Payrolls climbed by 100,000 workers after a 54,000 increase in May that was the smallest in eight months, according to the median forecast of economists surveyed by Bloomberg News ahead of Labor Department data due July 8. The jobless rate held at 9.1 percent. Another report may show growth in services cooled.
If it's negative, you'll hear recession talk.