U.S. July Payrolls Rise 113,000; Unemployment Rate Climbs to 4.8 Percent

BY

Employers in the U.S. added fewer jobs than expected in July and the unemployment rate rose for the first time since November, showing the labor market is losing strength as the economy slows.

The 113,000 increase follows a revised 124,000 gain in June, the Labor Department said today in Washington. The unemployment rate rose to 4.8 percent, from 4.6 percent. The annual increase in hourly earnings slowed.

The figures are the final piece of major economic data before Federal Reserve policy makers gather next week to determine whether to lift interest rates for an 18th consecutive time. After the report, traders raised bets that the Fed will leave rates unchanged at the Aug. 8 meeting.

The yield on the benchmark 10-year U.S. Treasury note fell 5 basis points to 4.91 percent as of 8:37 a.m. in New York. The probability of the central bank increasing its target for the main U.S. rate to 5.5 percent dropped to 21 percent from 41 percent, based on the price of futures tied to the rate on the Chicago Board of Trade.

The unemployment rate was expected to hold at 4.6 percent for a third month.

Continued low unemployment may bring higher salaries, economists said. Even so, companies don't seem to be passing higher labor costs on to their customers, which should make inflation pressures from wages less of a concern for the Fed, economists said.

Fed's Meeting

Fed policy makers, who meet Aug. 8, raised the target rate for overnight loans between banks to 5.25 percent at their last meeting June 29. The Fed has raised the rate 17 times since June 2004.

Jobless Claims

The number of Americans filing first-time claims for unemployment benefits last month remained at a level consistent with companies being reluctant to fire workers. Jobless claims averaged 312,330 in the first three weeks of July, compared with 307,600 for all of June.

雷文

謝謝BY兄，

不過太長我不釋了!

只釋一句

The yield on the benchmark 10-year U.S. Treasury note fell 5 basis points to 4.91 percent as of 8:37 a.m. in New York. The probability of the central bank increasing its target for the main U.S. rate to 5.5 percent dropped to 21 percent from 41 percent, based on the price of futures tied to the rate on the Chicago Board of Trade.

從芝加哥期貨市場(CBOT)的利率變化，美國10年期債券由5厘回落至4.91厘 (4/8 20:37 北京時間 :D:D:D)，市場預期央行加升機率由41%下降至21%水平。

其他是數據數字來! 我想大家應可明白!