American employers took on more workers than forecast in April and the jobless rate unexpectedly fell to a four-year low of 7.5 percent, reflecting confidence in the outlook for the world’s biggest economy.
Consumer spending climbed in February by the most in five months and confidence unexpectedly improved in March, showing job-market gains are helping Americans overcome tax increases and concern about federal budget cuts.
Nov. 2 (Bloomberg) -- Chris Rupkey, chief financial Economist at Bank of Tokyo-Mitsubishi UFJ, talks about the U.S. October jobs report and the outlook for the economy. In the last jobs report before next week’s election, a net 171,000 workers were added to payrolls after a 148,000 gain in September that was more than first estimated, Labor Department figures showed today in Washington. (Source: Bloomberg)
Nov. 30 (Bloomberg) -- Chris Rupkey, chief financial Economist at Bank of Tokyo-Mitsubishi UFJ, talks about October consumer spending. Purchases decreased 0.2 percent, the weakest reading since May, after a 0.8 percent gain in the prior month, Commerce Department figures showed today in Washington. Incomes were unchanged, held down by a drop in wages caused by superstorm Sandy, Commerce said. (Source: Bloomberg)
After concern last summer of an imminent double-dip recession in the U.S., the data got a bit brighter in the fall. The economy grew faster than expected in the third quarter and has created almost 2.8 million private- sector jobs since the labor market bottomed in early 2010.
July 6 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the June U.S. employment report. Payrolls rose 80,000 last month after a 77,000 increase in May, Labor Department figures showed in Washington. Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey. (Source: Bloomberg)