Mixed Bag Of Employment News Prompts New Speculation On Fed Acti - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Mixed Bag Of Employment News Prompts New Speculation On Fed Action

Posted: Updated:

WASHINGTON (AP) - It's a mixed picture, according to one economist. Scott Anderson of Bank of the West says today's jobs report shows "continued improvement, but at a still frustratingly slow pace."
    
The government says employers added 162,000 jobs in July, the smallest number since March. Still, the unemployment rate is down to its lowest level in four and a-half years -- 7.4 percent.
    
The Federal Reserve will look at the July employment numbers in deciding whether to slow its bond-purchasing program in September, as many economists have predicted it will do. Weaker hiring could make the Fed hold off on any pullback.
    
But it's also possible that the lower unemployment rate, along with the hiring gains over the past year, could convince the Fed that the job market is strengthening consistently.
    
Paul Ashworth of Capital economics says July was a disappointment, but that "the Fed will be looking at the cumulative improvement." He points out that unemployment is down from 8.1 percent last August to 7.4 percent.
    
Another economist, Beth Ann Bovino of Standard & Poor's, says she thinks today's report will make the Fed delay any slowdown in its bond purchases. She says it most likely won't happen in September now -- and perhaps not even by the end of the year.
    
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • National NewsMore>>

  • Justice Department Considering Clemency After 10 Years In Prison

    Justice Department Considering Clemency After 10 Years In Prison

    Wednesday, April 23 2014 5:26 PM EDT2014-04-23 21:26:15 GMT
    WASHINGTON (AP) - The Justice Department will begin considering clemency applications from nonviolent federal inmates who have already served 10 years or more in prison. More >>
    WASHINGTON (AP) - The Justice Department will begin considering clemency applications from nonviolent federal inmates who have already served 10 years or more in prison. That's according to a person familiar with an expected announcement from the department Wednesday laying out conditions under which convicts can seek to have their sentences shortened. More >>
  • Vietnam Sentences American Man To Death For Heroin

    Vietnam Sentences American Man To Death For Heroin

    Tuesday, April 22 2014 10:48 PM EDT2014-04-23 02:48:39 GMT
    HANOI, Vietnam (AP) - State media say a court in Vietnam has sentenced an American to death for heroin trafficking. The Liberated Saigon newspaper says Jason Dinh, 41, was convicted of trafficking 1 kilogram (2.2 pounds) of heroin at a one-day trial by Ho Chi Minh City's People's Court on Tuesday.More >>
    HANOI, Vietnam (AP) - State media say a court in Vietnam has sentenced an American to death for heroin trafficking. The Liberated Saigon newspaper says Jason Dinh, 41, was convicted of trafficking 1 kilogram (2.2 pounds) of heroin at a one-day trial by Ho Chi Minh City's People's Court on Tuesday.More >>
  • Family Sues N.J. District Over 'Under God' In Pledge Of Allegiance

    Family Sues N.J. District Over 'Under God' In Pledge Of Allegiance

    Tuesday, April 22 2014 10:21 PM EDT2014-04-23 02:21:31 GMT
    A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.
    FREEHOLD, N.J. (AP) - A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children.More >>
    FREEHOLD, N.J. (AP) - A family is suing a New Jersey school district, contending that the phrase "under God" in the Pledge of Allegiance discriminates against atheist children. The lawsuit against the Matawan-Aberdeen Regional School District was filed in state court last month and was announced yesterday by the American Humanist Association. More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.