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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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U.S adds 195,000 jobs in June; unemployment 7.6%

WASHINGTON (MarketWatch)
The U.S. economy added a better-than-expected 195,000 jobs in June and employment gains for May and April were revised sharply higher, the U.S. government said Friday
The unemployment rate was unchanged at 7.6%, but the size of the labor force increased by 177,000, according to the Labor Department
Economists surveyed by MarketWatch expected an increase of 155,000 jobs last month
The number of new jobs created in May, meanwhile, was revised up to 195,000 from 175,000, while April's figure was raised to 199,000 from 149,000
The biggest gains in hiring in June took place at bars, restaurants and hotels
Employment also rose in professional services, retail and health care
Manufacturing trimmed jobs and government employment fell again
Average hourly wages, meanwhile, jumped 10 cents, or 0.4%, to $24.01 while the average workweek was unchanged at 34.5 hours
The labor-force participation rate edged up to 63.5% from 63.4% and rose for the second straight month
The U6 unemployment rate, however, shot up to 14.3% from 13.8%
The U6 rate includes people who can only find part-time work or have become too discouraged to look for a job

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El Genio dijo...

Applications to refinance a home and to buy a home fell in recent weeks as interest rates climbed, but the drop in applications is far greater for refinancing, according to data released Wednesday. In the week that ended June 28, a refinancing gauge fell 16%, while a barometer of applications for mortgages to buy a home declined 3%, the Mortgage Bankers Association reported. Rates started rising in early May, and since then, refinancing applications have fallen more than 50%, while mortgage applications to purchase a home are down less than 10%. Borrowers who wish to refinance are driven by interest rates, while would-be buyers consider a wider range of factors that also includes job stability and prices, among other issues.