WASHINGTON (AP) — Economists are divided over what the Labor Department will report Friday about the nation’s May employment picture.
Most predict job gains along the lines of April’s increase of 165,000, with an unemployment rate unchanged at 7.5 percent. That’s a four-year low but still historically high. But at least a few economists are expressing caution, saying job growth for May could fall short of expectations.
The government’s monthly report comes at a time of anxiety over the U.S. economy and whether the Federal Reserve will soon scale back its extraordinary support.
Job growth has been steady this year, despite higher taxes and federal spending cuts.
Gains in jobs, home prices and some other areas of the economy have led Fed policymakers to consider scaling back the central bank’s bond purchases, which are intended to drive down long-term interest rates and encourage borrowing and spending.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
After all the problems the city has faced this year, ranging from bidding problems in major projects to the near crisis with the water supply, Mayor Carl Brewer has officially pointed his finger at city staff. The culprit from his point …
Oklahoma Department of Emergency Management spokeswoman Keli Cain said Monday that the Medical Examiner reports that eight people have died from the wintry storm.
Some Pratt shelter dogs are getting a new lease on life with the help of students from Stafford High School.
Five people, including several students, had to be taken to the hospital after a school bus crash early Monday morning.
Daycare operator saves seven children after van bursts into flames.
The Kansas Bureau of Investigation says its third-highest administrator no longer works at the agency.
The recent winter storms are forcing the Hutchinson Salt Company to ramp up production.