US adds 175000 jobs in May, showing stable but slow recovery

 

Washington Post - 15 hours ago

The economy added a solid 175,000 jobs last month, according to new government data released Friday morning, a reassuring sign that the recovery remains stable.

Middling Jobs Numbers Signal a Long Path to Healthy Payrolls  New York Times
US economy creates 175000 jobs in May – too few to lower unemployment rate ...  Christian Science Monitor
Los Angeles Times   Related articles »  

Southern California Edison To Shut Down San Onofre Nuclear Plant 

Forbes - 30 minutes ago

Southern California Edison Edison has decided to shut down Units 2 and 3 of the San Onofre Nuclear Generating Station (SONGS), according to filings with the U.S.

San Onofre shutdown will mean tight electricity supplies  Los Angeles Times
Troubled Nuclear Plant to Be Closed  Wall Street Journal
Related articles »  

US STOCKS-Wall St on track for weekly gain after jobs report 

Reuters - 9 hours ago

Fri Jun 7, 2013 8:33pm IST. * Hiring points to economy still in need of Fed's help. * Nonfarm payrolls up 175,000 in May; jobless rate 7.6 pct.

Dow posts major gain as pickup in hiring points to US growth  Firstpost
Jobs report contributes to a strong close for the market after a volatile week  Washington Post
Related articles »  

Treasuries Fall on Fed Bets in Longest Losing Streak Since 2009 

Bloomberg - 22 minutes ago

Treasuries dropped for a sixth straight week, the longest stretch of losses in four years, as U.S. payrolls swelled while the jobless rate rose, keeping alive bets the Federal Reserve will cut back on monetary stimulus.

TREASURIES-US bonds drop on renewed bets of less Fed buying  Reuters
Treasurys Fall as Tapering Doubts Linger After Jobs Report  Wall Street Journal
Related articles »  

Consumer Credit in US Climbed in April on Non-Revolving Loans 

Bloomberg - 9 hours ago

Consumer borrowing in the U.S. accelerated in April as Americans took out more education and automobile loans. The $11.1 billion increase in credit followed a revised $8.37 billion increase the previous month that was more than initially reported, Federal ...

US consumer borrowing up $11.1 billion in April  Businessweek
Consumer Credit Oozes Up 0.4%  Motley Fool
Related articles »  

INSIGHT-Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf 

Reuters - Jun 6, 2013

By John Chalmers. June 6 | Thu Jun 6, 2013 3:30pm IST. June 6 (Reuters) - The day after Wal-Mart Stores Inc published Simco Group's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from U.S.

Former Bangladesh Sweatshop Worker To Billionaire Walton Family: Use Your ...  Forbes
Wal-Mart plans $15-billion stock buyback as celebrity-laden meeting draws crowd  Globe and Mail
Related articles »  

Roundup of business news: SoftBank-Sprint deal, reported Boeing overcharges 

Washington Post - 3 hours ago

Communications. Justice Dept. clears SoftBank-Sprint deal. SoftBank cleared a U.S. security review of its proposed $20.1 billion purchase of Sprint Nextel, the Justice Department said, confirming a statement from the companies.

UPDATE 1-Justice Department gives FCC go-ahead to rule on Sprint/SoftBank  Reuters
Billionaire Son Taps Mrs. Watanabe for Sprint Bid: Japan Credit  Businessweek
Related articles »  

Stocks Soar; Dow Gains 200 Points on Jobs Data 

CNBC.com - 18 hours ago

Stocks closed sharply higher Friday as the monthly employment report suggested economic growth is tepid enough for the Federal Reserve to maintain its bond-buying program over the next few months.

Wall St closes higher after jobs data  Business Recorder
How the Dow Jones industrial average fared Friday  News 12 Hudson Valley
Related articles »  

Canadian Dollar Has Biggest Gain Since 2011 on Surge in Jobs 

Bloomberg - 22 minutes ago

Canada's dollar posted the biggest gain against its U.S. peer in a year and a half as the economy added the most jobs in a decade in May and the unemployment rate declined.

Canadian Dollar Hits 3-Week High After Strong US, Canada Labor Print  Wall Street Journal
Canada creates 95000 new jobs in April  NEWS.com.au
Related articles »  

JC Penney CEO Says New Home Areas to Be Embraced Like Sephora 

Businessweek - Jun 7, 2013

J.C. Penney Co. (JCP), the department-store chain looking to rebound from its worst sales year in more than two decades, will get a boost from the opening of renovated housewares sections this month, Chief Executive Officer Mike Ullman said.

JC Penney Bets On Home Makeover Conceived By Ousted CEO For Revival  Forbes
Video! Meet the Dream Team of Designers  Extra
Related articles »