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Jobs come roaring back.
August 5, 2016 3:00 PM

Well now, this is great news!

After months of conflicting signals and economic uncertainty, it became clear on Friday that the American jobs machine has moved back into high gear.

A report from the Labor Department that said employers added 255,000 jobs in July had been eagerly anticipated on Wall Street, in Washington and on the campaign trail, and the much-better-than-expected showing immediately rippled through all three arenas.

Stocks surged, experts expressed more confidence that the Federal Reserve was likely to raise interest rates at least once this year, and it was evident that long-stagnant wages for ordinary workers were advancing at a more robust pace.

"This was everything you could have asked for, maybe more," said Michelle Meyer, head of United States economics at Bank of America Merrill Lynch. "We're seeing new entrants into the labor market, which implies a longer runway for the business cycle."

Fingers crossed that this sort of growth continues.

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Recent Entries

Jobs come roaring back.

More Fed rate hikes on the horizon.

The last time The Federal Reserve raised interest rates.

Dick Fuld still won't take responsibility for Lehman Brothers' collapse.

Obamacare repeal falls off Republicans' to-do list as law takes hold

FCC finally comes down on the right side of Net Neutrality

Oil prices continue to plunge.

Plunging oil prices.

Number of Americans without health insurance is plummeting.

TeaParty Activist goes from bankruptcy in '08 to $450K salary raising money today.

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