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Economic progress remains slow, yet steady

Last year, news networks throughout the world focused on Asia Pacific’s recovery from a variety of storms – floods, earthquakes, and typhoons – that not only destroyed homes and businesses, but also interrupted the region’s economic progress from 2008’s global recession.

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Hiring rose considerably in July

According to the BLS’ latest “The Employment Situation” report, the national economy generated 163,000 jobs in July, the first month in which more than 100,000 jobs were created since March.

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Private sector job growth was extensive in July

For the second straight month, job growth remained widespread within a majority of the nation’s major industry groups in July, as the private sector added approximately 172,000 new jobs to the national economy.