Morning News Friday July 6th 2007
General News:- Payrolls rose by 132,000. There was a revision to May: +190,000 versus 157,000 and to April: +122,000 versus 80,000. - Unemployment is 4.529% with hourly earnings in line at 0.3%. - Manufacturing hours came in strong, suggesting heavy production. - Payroll Breakdown: - Private +92,000 - Construction +12,000 - Retail down -24,000 - Manufacturing -18,000 - Government +40,000 (the government continues to be a strong employer.) - Finance +1,000 - Eating and drinking establishments +35,000. - Professional and business services -9,000 and temp services -8,000. (Temp services have been down all year. Note that in a strong economy,…