Strong U.S. employment report brightens economic outlook

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Both the Mercure Krabi Deevana in Ao Nang and the Beyond Resort Krabi in Klong Muang are scheduled for completion in the last quarter of 2011 nTo cope with the dramatic swell in tourist numbers, Krabi construction companies are busy with a number of new high profile projects that will significantly improve the number of quality hotels and resorts in the region.

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"The July jobs report was everything you could have asked for and more. Provided the strength in jobs is confirmed with other economic data, the Fed will have sufficient reason to hike (rates) this year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York.

Temporary-help jobs, a harbinger of future hiring, increased 17,000. Government employment increased by 38,000 jobs as state and local authorities stepped up hiring of teachers. Healthcare and social assistance payrolls rose by 48,800 jobs, extending the prior month's hefty gains.

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The above are just some observations from "the peanut gallery",
but I don't think I'm far off the mark about where things are
heading. With that, I'm off the soapbox and wishing you
success in whatever you do online!

More than a million Turks gathered in Istanbul on Sunday for a rally called by President Tayyip Erdogan to denounce a failed coup - a show of strength staged in the face of Western criticism of widespread purges and detentions.

In earlier down cycles, while collar workers were
immune to layoffs as companies trimmed blue-collar manufacturing jobs. The early-to-mid 1980s saw corporations laying off while collar
workers for the first time. The
laid-off white collar workers became consultants and worked from home. We can thank the last major down cycle for taking the stigma out of home
enterprises. Suddenly the home enterprise was legitimate. Running a company from your
spare bedroom no longer meant you spent your day holding Mary Kay and
Tupperware parties.

employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.

Nonfarm payrolls rose by 255,000 jobs after an upwardly revised 292,000 surge in June, with hiring broadly based across the sectors of the economy, the Labor Department said on Friday. In addition, 18,000 more jobs were created in May and June than previously reported.

Last month's strong jobs growth should reinforce the Fed's confidence in a labor market that officials view as at or near full employment. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth.

But a broad measure of unemployment that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment rose one-tenth of a percentage point to 9.

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-based cleric Fethullah Gulen, whose followers in the security forces, judiciary and civil service he accuses of orchestrating the attempted power grab and of plotting to overthrow the state. Erdogan has vowed to rid Turkey of the network of U.

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