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Jobless Rate Seen Steady, The Monthly Unemployment ReportAssociated Press
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July 6, 2007
Washington - The monthly unemployment report, due out this morning, is expected to show that the job market is holding steady.
Analysts expect the jobless rate to come in unchanged at four and a-half percent. Payrolls are seen growing by about 125-thousand jobs.
While much of the economy is thought to be growing at a modest pace, troubles in the Housing Market are seen taking a toll on areas like construction and financial services.
A report yesterday from the outplacement firm Challenger, Gray and Christmas indicated that June job cut announcements were on the decline and running behind last year's pace.
http://www.kxmc.com/News/141275.asp
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