US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The Bureau of Labor Statistics reported that the US economy added 173,000 jobs in July. Job growth has averaged 221,00 per month for the past three months.Image: Bureau of Labor Statistics.

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

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US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The Bureau of Labor Statistics reported that the US economy added 173,000 jobs in July. Job growth has averaged 221,00 per month for the past three months.Image: Bureau of Labor Statistics.

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Retrieved from “https://en.wikinews.org/w/index.php?title=US_adds_173,000_jobs_in_August;_unemployment_rate_drops_to_seven_year_low&oldid=4150386”

US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The Bureau of Labor Statistics reported that the US economy added 173,000 jobs in July. Job growth has averaged 221,00 per month for the past three months.Image: Bureau of Labor Statistics.

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Retrieved from “https://en.wikinews.org/w/index.php?title=US_adds_173,000_jobs_in_August;_unemployment_rate_drops_to_seven_year_low&oldid=4150386”

General relativity effect confirmed: satellite experiment

Tuesday, February 17, 2009

A team of scientists at Stanford University claim to have detected a subtle, missing element of Einstein’s theory of relativity.

In a press release dated February 16th, Robert Kahn, Stanford University’s Public Affairs Coordinator, announced the experimental confirmation of frame dragging, an effect in which the presence of a rotating body causes space itself to be pulled along as the body rotates. While the effect was theorized by Josef Lense and Hans Thirring as far back as 1918, the small scale of the effect, as little as one part in a trillion for a satellite orbiting the Earth, made detecting the effect difficult.

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The observation was made by the Gravity Probe B satellite, which carries finely-machined gyroscopes. Scientists looked for small changes in the motion of the gyroscopes to detect the frame dragging effect, as well as the much larger geodetic effect – small corrections to the Earth’s gravitational field due to differences between Einstein’s and Newton’s theories of gravity.

The experiment was conducted on the satellite from 2004 to 2005. However, the complexity of the data analysis along with unforeseen engineering problems have made finding the effect in the experiment’s results difficult. In particular, the presence of small electrical charges on the gyroscopes interfered with their results.

Francis Everitt, the experiment’s Principal Investigator, stresses in an interview with the New York Times that their announcement is only preliminary and that, with further analysis, they hope to improve the precision of their results; currently, they say they have only detected the frame dragging effect to within plus or minus fifteen percent of its expected value.

The theory of general relativity was developed by Albert Einstein in the early 20th century to explain the behavior of moving objects in space, after the discovery that the speed of light was always the same no matter how the person measuring it was moving. While it successfully explains many strange behaviors in space, such as the slow shifting of the orbit of Mercury and the bending of light by massive objects such as black holes, testing the theory on Earth has always been difficult due to the small scale of relativity’s effects in everyday life.

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US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The Bureau of Labor Statistics reported that the US economy added 173,000 jobs in July. Job growth has averaged 221,00 per month for the past three months.Image: Bureau of Labor Statistics.

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Retrieved from “https://en.wikinews.org/w/index.php?title=US_adds_173,000_jobs_in_August;_unemployment_rate_drops_to_seven_year_low&oldid=4150386”

Ontario Votes 2007: Interview with Family Coalition Party candidate Suzanne Fortin, Nepean-Carleton

Wednesday, September 26, 2007

Suzanne Fortin is running for the Family Coalition Party in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Family_Coalition_Party_candidate_Suzanne_Fortin,_Nepean-Carleton&oldid=1852352”

Wikinews Interview: Experts in IT industry comment about security of WiMAX

Monday, May 5, 2008

Some companies see the possibilities of WiMAX but ignore its threats. Pictured is MTube, developed by the Science and Technology Advisory Group of Executive Yuan of the Republic of China (Taiwan).Image: Rico Shen.

Computers and technology make our modern lifestyle more convenient, but they also create new risks like computer viruses and hacking. Many people want to enjoy the convenience of new technology, but they may not be aware of its problems.

WiMAX is being promoted in Taiwan by the Taipei Computer Association, the Industrial Technology Research Institute and the Ministry of Economic Affairs of the Republic of China. It is considered by some to be the communication standard for the next generation of mobile devices.

Information security companies are concerned increasingly by Internet crime, and some of them question the security of WiMAX. After all, everyone wants to welcome this new technology but is afraid of its potential to cause security issues.

Some companies have analyzed potential security issues which threaten the success of WiMAX. But what have they found?

Taking the opportunity of two press conferences in Taiwan, Wikinews Journalist Rico Shen briefly interviewed both Hsiao-wen Hung, President of Microsoft Research Asia and Li Chang, Deputy Secretary General of Taipei Computer Association. With their experience in the IT industry, they agreed to comment on this question.

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US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The Bureau of Labor Statistics reported that the US economy added 173,000 jobs in July. Job growth has averaged 221,00 per month for the past three months.Image: Bureau of Labor Statistics.

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Retrieved from “https://en.wikinews.org/w/index.php?title=US_adds_173,000_jobs_in_August;_unemployment_rate_drops_to_seven_year_low&oldid=4150386”

Bowler Brett Lee to miss first Ashes Test

Tuesday, July 7, 2009

Brett Lee against England at the Bellerive Oval. Image: Jgritz.

Australia’s cricketer Brett Lee is out of the first Ashes test match – which starts on July 8 in Cardiff – with a torn muscle in his left side. He is also doubtful to play the second Test at Lord’s, which begins on July 16. It will be at least two weeks before he can start training in the nets again.

“I am very very disappointed and gutted that I will not be there for the first Test match but I will find a way to bounce back,” said Lee. “I still see myself hopefully playing a major role for Australia through the end part of the series, whether that’s the second, third, fourth or fifth Test match depending on how things go.”

The fast bowler complained about soreness in his left side after playing the England Lions at Worcester. Scans on Monday revealed he has a tear to his rib muscle. Other reports have described the injury as a strained abdominal muscle.

Kevin Pietersen commented on Lee’s absence saying it was “a huge, huge, huge loss” for Australia.

Australia now have to choose which player to pick as a replacement for Lee. Two likely options are spinner Nathan Hauritz or pace bowler Ben Hilfenhuas.

England will start their campaign on Wednesday to attempt to regain the ashes after Australia completed a 5-0 whitewash last time.

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