Friday, 5 July 2013

Brightening jobs picture may draw Fed closer to tapering

July 5, 2013

Brightening jobs picture may draw Fed closer to tapering

Job growth was stronger than expected in June and the payroll gains for the prior two months were revised higher, cementing expectations for the Federal Reserve to start winding down its massive stimulus program as early as September.

Employers added 195,000 new jobs to their payrolls last month, the Labor Department said on

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