The Herald Bulletin

Morning Update

Breaking News

July 6, 2013

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

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.

The economy gained a robust 195,000 jobs in June and many more in April and May than previously thought. The unemployment rate remained 7.6 percent in June because more people started looking for jobs — a healthy sign — and some didn't find them. The government doesn't count people as unemployed unless they're looking for work.

The Labor Department's report Friday pointed to a U.S. job market that's showing surprising resilience in the face of tax increases, federal spending cuts and economic weakness overseas. Employers have added an average 202,000 jobs for the past six months, up from 180,000 in the previous six.

The job growth is being fueled in part by consumer spending and the housing recovery. Consumer confidence has reached a 5½ year high and is helping drive up sales of homes and cars. Hiring was especially strong in June among retailers, hotels, restaurants, construction companies and financial services firms.

"The numbers that we're seeing are more sustainable than we thought," said Paul Edelstein, U.S. economist at IHS Global Insight, a forecasting firm. "We're seeing better job numbers, the stock market is increasing and home prices are rising."

1
Text Only
Breaking News
  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Officials: Indiana sheriff gave prostitute uniform

    A southern Indiana sheriff accused of patronizing a prostitute gave the woman a deputy's badge and uniform so she could get hotel discounts, then later encouraged her to get rid of the evidence, authorities said Tuesday.

    July 29, 2014

  • Three-drink limit for beer, wine at Indiana Fair

    Strict limits will be in place when the Indiana State Fair sells alcoholic drinks for the first since 1946 when its 17-day run begins Friday.

    July 29, 2014

  • Poll: Immigration concerns rise with tide of kids

    For nearly two months, images of immigrant children who have crossed the border without a parent, only to wind up in concrete holding cells once in United States, have tugged at heartstrings. Yet most Americans now say U.S. law should be changed so they can be sent home quickly, without a deportation hearing.

    July 29, 2014

  • NASCAR suspends Hamlin crew chief Grubb 6 races

    NASCAR suspended Denny Hamlin's crew chief and car chief on Tuesday for six races because the Joe Gibbs Racing entry failed inspection following his third-place finish at Indianapolis Motor Speedway.

    July 29, 2014

  • Avoiding plane crashes as air traffic doubles

    More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.

    July 29, 2014

  • Report: More acidic seawater poses risks in Alaska

    The release of carbon dioxide into the air from power plant smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.

    July 29, 2014

  • 'Pawn Stars' TV star plans stores near famous shop

    The long parade of tourists who regularly stop by the downtown Las Vegas shop featured on the History Channel reality show "Pawn Stars" could soon have something better to do while waiting in line.

    July 29, 2014

  • Soldiers get $92M in debt relief under settlement

    Thirteen states, including Indiana, have settled an investigation into improper lending with a court agreement that is expected to provide $92 million in debt relief for 17,800 U.S. military personnel.

    July 29, 2014

  • NCAA settles head-injury suit, will change rules

    The NCAA agreed Tuesday to settle a class-action head-injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports.

    July 29, 2014

Featured Ads
More Resources from The Herald Bulletin
AP Video
Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium
Front page
Poll

Now that Andrew Luck is getting ready to start the third year of his NFL career, did the Colts make the right decision to release Peyton Manning and turn the offense over to Luck?

Yes, the future is bright.
No, the Colts would have won another Super Bowl by now if they had kept Manning.
Don't know; don't care
     View Results