XPost: ba.politics, dc.media, soc.penpals   
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   From: op1963@yahoo.com   
      
   FROM WIRE REPORTS   
      
   Published: 05 September 2014 09:06 PM   
   Updated: 05 September 2014 09:08 PM   
      
   Once again, the U.S. economy has managed to frustrate the   
   optimists.   
      
   After a series of positive economic reports in recent weeks, the   
   Labor Department said Friday that hiring in August sank to its   
   slowest pace since December, with employers adding 142,000 jobs   
   last month.   
      
   Most economists had been looking for a gain of at least 200,000   
   in payrolls, coming off healthy indicators for durable goods   
   orders, construction activity and manufacturing in July and   
   August.   
      
   The unemployment rate fell by 0.1 percentage point to 6.1   
   percent last month, but that was because more people dropped out   
   of the workforce rather than found jobs.   
      
   “It presents a reality check vs. other data, which showed more   
   significant economic momentum heading into the third quarter,”   
   said Michael Gapen, senior U.S. economist at Barclays.   
      
   Although the rate of economic growth rebounded to 4.2 percent in   
   the second quarter after a contraction early in the year, the   
   latest job data suggested the economy was settling into a more   
   moderate pace of around 2.5 percent growth for the remainder of   
   2014, Gapen said.   
      
   As a result, he said, the Federal Reserve is likely to stick to   
   its plan to raise short-term interest rates beginning in the   
   middle of 2015, rather than move that timetable up, as some on   
   Wall Street have speculated recently.   
      
   For anyone looking for a shift in tone when Fed policymakers   
   meet this month, “this throws cold water on that,” Gapen said.   
      
   http://www.dallasnews.com/business/headlines/20140905-summertime-   
   blues-august-hiring-disappoints.ece   
      
   Democrat welfare presidents don't understand economies and jobs.   
   They are just parasites.   
      
       
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)