Saturday, February 16, 2013

Solid Jan. Hiring Would Boost Hopes for US Economy | Essentials

Solid Jan. Hiring Would Boost Hopes for US Economy

Excerpt:

The January work report is anticipated to show Friday that task development stayed steady last month although Americans started getting smaller sized paychecks that might keep the economy sluggish. Financial experts forecast that the economy added 155,000 jobs in January and that the unemployment rate stayed at 7. 8 percent for a 3rd straight month, according to a study by FactSet. The Labor Department will release the report at 8:30 a.m. EST
. The economy has actually averaged about 150,000 added jobs a month over the previous two years, inadequate to quickly reduce still-high unemployment. Still, even modest hiring would cushion the effect of the higher Social Security taxes that many consumers are paying this year. And it would help the economy return to growing after it reduced at an annual rate of 0. 1 percent in the October-December quarter.

Solid Jan. Hiring Would Boost Hopes for US Economy

Additional Info:

Organization: Labor Department

Overall Sentiment: 0

Relevance: 0.582071

Organization: Congress

Overall Sentiment: 0.163774

Relevance: 0.497827

Country: U.S.

Overall Sentiment: 0.126617

Relevance: 0.71116

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