Wednesday, July 3, 2013

June jobs report likely to keep Fed tapering on track

Reuters) - Employers likely kept up a steady pace of hiring in June and the jobless rate probably dipped, which could keep the Federal Reserve on track to start curtailing its monetary stimulus later this year.

Nonfarm payrolls are expected to have increased by 165,000 last month, according to a Reuters survey of economists.
While the anticipated rise would be a bit below May's tally of 175,000 jobs, it would be higher than the monthly average of 155,800 over the past three months. The unemployment rate is expected to fall a tenth of a percentage point to 7.5 percent.

June's employment report will come two weeks after Fed Chairman Ben Bernanke said the U.S. central bank expected to trim its bond purchases later this year and to halt the program by mid-2014, as long as the economy progresses as it expects.

To read the full article click here
Source:Lucia Mutikani

Creative Financial Staffing (CFS) is the nation’s largest, privately-held accounting and financial staffing firm. We provide qualified accounting and finance professionals on a temporary and permanent basis across a broad range of industries.

Visit our website:

Click here to locate and contact a CFS office near you