US employers step up hiring in June

[CityFarmer]

Hmm... So far the signal is consistent...

US employers step up hiring in June

WASHINGTON — Employers in the United States created jobs last month at a much faster pace than expected while the unemployment rate held close to a four-year low even as the world’s largest economy weathered the effects of higher taxes and federal budget cuts.

Non-farm payrolls surged 195,000, the Labor Department said yesterday, while the unemployment rate held steady at 7.6 per cent as more people entered the workforce.

Economists had forecast employment to increase by 160,000 and the jobless rate to fall a tenth of a percentage point to 7.5 per cent

http://www.todayonline.com/business/us-e...iring-june

[TheMillennium]

It seems weird that with the jobs report out and better US economy, the DJIA and SP500 increased still?

There has also been more news of the FED tapering earlier and cutting back their purchases probably in Sept rather than Dec.

Only good thing is from now till Sept that would not be any changes so perhaps thats why the index went up?

[Wildreamz]

The market usually react to news at face value, maybe one shouldn't read too much into it.

Actually, I take it as a positive sign too. I think tapering is more or less fixed in stone at 2015 (which is only 1.5 years away) or unemployment <6.5%.

I am not overly concern about it, as long as it is gradual and has lots of prior warning.