US adds 195K jobs, and unemployment stays 7.6 pct.; Fed could slow bond buying later this year

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: July 5, 2013 - 10:26 PM

WASHINGTON — U.S. employers are sending a message of confidence in the economy — hiring more workers, raising pay and making the job market appear strong enough for the Federal Reserve to slow its bond purchases as early as September.

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goferfanzJul. 5, 13 7:41 AM

So, the sequester hasn't ended the world as we know it? Perhaps some more budget sanity would help further these gains. People knew what they were doing in keeping divided govt in 2012 election.....

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dewarfJul. 5, 13 8:13 AM

There's certainly a more positive feeling out there. If the Egyptian crisis doesn't screw up energy prices, we may FINALLY see some sustained growth without gimmicks and government/marketplace manipulation. It's been a tough six years, but I think we can start being cautiously optimistic.

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theagonybhoJul. 5, 13 8:31 AM

Heres the real numbers, most of those jobs were part time, retail or bar and restaraunt jobs, manufacturing shed 6000 jobs and the economy expanded only 1.8%. Then they say unemployment didnt go down because more people are looking for work, wednesdays article said unemployment rose in 30 states.

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obamafone4meJul. 5, 13 8:37 AM

Great news! We only need 200K new jobs a month to keep the employment number flat! Considering that June is always a strong month for construction and service jobs we are really moving forward! Great job obama!

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munsterlandrJul. 5, 13 8:46 AM

Robust? 300,000 jobs is robust. 195,000 is just a few thousand above what is needed monthly just to keep up with population growth.

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pitythefoolsJul. 5, 13 9:00 AM

goferfanz: "So, the sequester hasn't ended the world as we know it?"

Nope, not even for the 1,100 National Guard that are about to have their pay cut by 20%. I'd say that's a good start towards cutting $400B out of the Military budget.

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tuttifruttiJul. 5, 13 9:37 AM

Employment numbers always go up in June. What else is new? We need 200K new jobs just to stay even.

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avejoeconJul. 5, 13 9:57 AM

Nope, not even for the 1,100 National Guard that are about to have their pay cut by 20%. I'd say that's a good start towards cutting $400B out of the Military budget.---------------I find this post interesting for two reasons. This very person claimed that the economy was slowing a few months ago because the republicans forced the Military cuts. Second, the military budget was cut because of sequester by 2.3 %, yet Obama cut the pay of these people by 20%?

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benturnerJul. 5, 1310:33 AM

re: --I find this post interesting for two reasons. This very person claimed that the economy was slowing a few months ago because the republicans forced the Military cuts. Second, the military budget was cut because of sequester by 2.3 %, yet Obama cut the pay of these people by 20%? ..... You really have a hard time with percentages joe. The percentages you are comparing are apples to oranges. Think about it.

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benturnerJul. 5, 1310:35 AM

re: tuttifrutti Jul. 5, 13 9:37 AM Employment numbers always go up in June. What else is new? We need 200K new jobs just to stay even..... So we stayed pretty close to even according to you.

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