US private payrolls rise solidly; factory activity picks up

[trottigy]

 

U.S. private employers hired the most workers in six months in June and factory activity accelerated, providing fresh evidence the economy was gathering solid momentum after contracting at the start of the year.

 

The brightening growth outlook was also bolstered by other data on Wednesday showing auto sales remained strong in June and construction spending rose in May to its highest level in just over 6-1/2-years.

 

The recent raft of upbeat data supports views of a September interest rate hike from the Federal Reserve, although market-based forecasting tools suggest lift-off may not occur until late in the year or even in 2016.

http://www.reuters.com/article/2015/07/01/us-usa-economy-employment-adp-idUSKCN0PB4OI20150701

 

 

Slow and steady pick up. It is sad to see what is happening in Greece. I hope the slow global economic upturn helps them in the long run.

 

I saw this analysis for how Greece might affect other nations:

 

 

It remains unclear how much the rest of the world will be drawn into this Greek drama. The United States has very little direct exposure to Greece, and investors have had years since the beginnings of this crisis to limit their exposure. The Greek economy is roughly the same size as Connecticut and accounts for less than 1 percent of all U.S. trade -- much of it in vegetables.

 

In the short term, stock and bond markets are likely to be volatile. Asian stock markets fell around 3 percent Monday, while as of 6:50 a.m. EDT, European markets were down almost 4 percent. U.S. futures trading suggested more modest but still significant declines of more than 1 percent Monday.

 

If the Greek crisis is prolonged, a flight-to-safety in U.S. Treasury bonds could bolster the dollar, crimping exports and economic growth. Speaking at a news conference earlier this month, Federal Reserve Chair Janet Yellen was cautious about the implications of turmoil in Greece for the United States.

 

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/29/greece/

[Dustparticle]

http://www.reuters.com/article/2015/07/01/us-usa-economy-employment-adp-idUSKCN0PB4OI20150701

 

 

Slow and steady pick up. It is sad to see what is happening in Greece. I hope the slow global economic upturn helps them in the long run.

 

I saw this analysis for how Greece might affect other nations:

 

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/29/greece/

They been kicking the can with Greece for 7 years and no solution.