Jobs show surprising growth
Job seekers got some surprisingly good news from July's numbers.
August 5th, 2011
08:45 AM ET

Jobs show surprising growth

The U.S. job market strengthened in July, a welcome piece of good news that sharply contrasted with Thursday's sell-off on Wall Street and readings pointing toward an economic slowdown.

Employers added 117,000 jobs last month, well above the 46,000 jobs added in June, the government reported Friday. After a shockingly weak jobs number the previous month and a spate of other negative economic readings that followed, many economists had been bracing for the worst from Friday's report.

Trading in U.S. stock futures, which point to the direction stocks will take when regular trading begins at 9:30 a.m., surged after the report was released.

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Filed under: Economy • Jobs
soundoff (54 Responses)
  1. Christopher U.

    The way to get out of this depression is we, the AMERICAN PEOPLE, step up to the plate. I am a working American tax payer. I live in Los Angeles. I would donate one dollar out of my paycheck for 1 year towards the U.S. debt. Now, if every working American would do the same, just imagine the dent we can put in our economy in 1 year. If there are 200 million working Americans willing to do the same for a year, that would be tremendous. Do the math! 200 million a week for 52 weeks..... I love America and want to get it back to where it should be, on top! somewhere around 10 billion!

    August 6, 2011 at 3:59 pm | Report abuse |
  2. Mack

    @ Christopher U.:
    Your willingness to "step up to the plate" is the reason that you are "a working American tax payer."
    I am willing to step up, and I pay taxes in the top 1%.
    You and I do not represent the citizens who are the problem.
    The government is not the problem.
    Even Obama is not the problem. He's just doing what he thinks will keep his job for him.

    August 6, 2011 at 4:15 pm | Report abuse |
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