Friday, 06 July 2007

Strong jobs growth? Thank a tourist

(Reuters) - Merrill Lynch analyst David Rosenberg says at least some of
the credit should go to tourists who are flocking to the United
States to capitalize on a weak dollar, helping to fill bars and
restaurants.




"Where is all the employment being created? Try the
leisure-hospitality sector -- the weak dollar has worked its
magic in this space," Rosenberg wrote in a note to clients.


Read more at Reuters.com Business News

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