The jobs report for July showed that two official indicators of US economic recession -- nonfarm payrolls and household employment -- are expanding at a rapid rate, confounding Wall Street’s fears of an imminent downturn. Payrolls jumped 528,000, beating all estimates, Labor Department data showed Friday. In a separate survey of households, employment was measured as gaining 179,000 jobs and the unemployment rate fell to 3.5%, matching a five-decade low. The National Bureau of Economic Research’s business-cycle dating committee, arbiter of downturns since 1929, rejects the notion that two negative quarters of gross domestic product is the definition of ...
To read the full article log in.
JACKSON COUNTY, Miss. (WLOX) — Russ Latino, the lawyer for Bart Edmiston Jr., one of Nolan Wells’ friends, is serving a prelitigation letter to Jeanetta Brantley. Latino says Brantley took the “Sea...