How a fine Panama hat should look!
Jobs bounced back in the Spring
The United States can firmly consign its weather-beaten start to the year to history this week with June vehicle sales and jobs data expected to show a strong end to the second quarter.
The U.S. economy contracted at a 2.9 percent annual rate, the sharpest decline in five years, in the Jan-March period, figures showed last Wednesday.
An exceptionally bitter winter, the expiration of long-term unemployment benefits and a marked slowdown in restocking by businesses combined to drag down the world’s largest economy, but these factors should have faded by April.
Monthly jobs data, arguably the most important gauge for both the Federal Reserve and the American people, is expected to show U.S. firms are continuing to hire at a solid pace as a virtuous circle of economic activity and growth takes hold.
U.S. employment already returned to its pre-recession peak in May, with non-farm job gains of 217,000. Economists polled by Reuters on average expect that to dip by a modest 4,000 to 213,000 in June.
Beauties by Calzoleria Meccariello