Friday, 06 July 2007

U.S. 2nd-quarter profits seen surprising to upside

(Reuters) - Signs of a strong job market have helped fuel optimism about the second-quarter reporting period, which begins in earnest next week, even as the pace of economic growth has raised concerns about higher interest rates, according to analysts.




On Friday, the Labor Department reported U.S. employers added 132,000 jobs in June and that payrolls rose more than previously thought in April and May. Wages also increased.


Read more at Reuters.com Business News

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