Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1102 Sat. July 07, 2007  
   
Business


US sees higher job growth


Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell.

The latest picture of the nation's employment climate, released by the Labor Department on Friday, also showed that workers saw solid gains in their wages last month.

The tally of 132,000 new jobs was stronger than the 125,000 that economists were forecasting. They did, however, predict that job growth would be sufficient to hold the unemployment rate at 4.5 percent, where it has stood for three straight months.

"The economy seems poised to return to its full potential," said Carl Tannenbaum, chief economist at LaSalle Bank. "Employers are seeking opportunities to add to their talent pools. The demand for labor is being driven by very solid demand for goods and services."