281,000 Private-Sector Jobs Added; Fed's Top Priority is Boosting U.S. Economy
The Dow Jones and S&P 500 record closes continued today, but the Dow still remains just shy of 17,000. Private businesses added more than 281,000 jobs last month, significantly higher than the estimated 205,000 additions. June's monthly job gains was the highest reported since November 2012. Janet Yellen spoke today regarding the "spillover" effect that our monetary policy has on other countries. The International Monetary Fund Managing Director suggested that the Fed takes into account this spillover, but Yellen stated that domestic goals and boosting the U.S. economy remained top priority.Yellen did mention that the U.S. monetary policies does strive to avoid spillovers.
Word on the Street
Published on Jul 2, 2014By InvestorGuide Staff