Como se combate o populismo? "Com eleições", responde Fukuyama

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8:30am 08/05/05 U.S. JULY RETAIL JOBS UP 50,000, MOST IN 5 YEARS
8:30am 08/05/05 U.S. JULY LABOR PARTICIPATION RATE RISES TO 66.3%
8:30am 08/05/05 U.S. JULY MANUFACTURING JOBS FALL 4,000
8:30am 08/05/05 U.S. MAY, JUNE PAYROLLS REVISED HIGHER BY 42,000
8:30am 08/05/05 U.S. JULY AVERAGE WORKWEEK STEADY AT 33.7 HOURS
8:30am 08/05/05 U.S. JULY AVERAGE HOURLY EARNINGS UP 0.4%
8:30am 08/05/05 U.S. JULY JOBLESS RATE STEADY AT 5% AS EXPECTED
8:30am 08/05/05 U.S. JULY PAYROLLS UP 207,000 VS.183,000 EXPECTED

ECONOMIC REPORT: U.S. July payrolls rise 207,000; Unemployment rate remains at 5%
By Rex Nutting, MarketWatch
Last Update: 8:31 AM ET Aug. 5, 2005

WASHINGTON (MarketWatch) - Hiring stepped up in the United States in July as 207,000 jobs were added to nonfarm payrolls, the Labor Department said Friday.

The unemployment rate remained at 5%, the lowest in 47 months.

Job growth was slightly stronger than expected by Wall Street economists, who were forecasting gains of about 183,000, according to a survey conducted by MarketWatch.

Payrolls in May and June were revised higher by a cumulative 42,000.

Average hourly earnings rose by 6 cents, or 0.4%, to $16.13. It was the biggest gain in hourly earnings in a year. Average wages were expected to rise 0.2%.

Weekly earnings increased to $541.81.

Hourly and weekly earnings have increased 2.7% in the past year, just ahead of the 2.5% inflation rate.

The strong payroll report, including the gains in wages, will likely keep the Federal Reserve on its course of higher interest rates. The Fed meets on Tuesday to consider a 10th straight quarter percentage point interest rate hike to 3.5%.

The Fed's target rate is expected to hit 4% or 4.25% by the end of the year.

The average workweek was steady at 33.7 hours in July, as expected. Factory hours were steady at 40.4. Total hours worked in the economy increased by 0.2%.

A survey of some 400,000 business establishments showed private payrolls increased by 181,000.

Jobs in manufacturing industries fell by 4,000, although a majority of manufacturing industries were hiring in July, the first time that's been true in a year.

Construction jobs increased by 4,000.

Service-producing jobs rose by 203,000, including 50,000 in retail, the most in more than five years.

Leisure and hospitality industries added 33,000 jobs, as did professional and business services.

Education and health care added 21,000 jobs.

Of 278 industries, 62.8% were hiring in July, the highest percentage since May 2004.

A separate survey of some 60,000 households showed employment increased by 438,000 to 149.6 million, while unemployment increased by 11,000 to 7.5 million. It was the biggest gain in employment since April.

The labor participation rate - the percentage of adults who either have jobs or are looking for work - increased by a tenth to 66.3%.
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INDICATIONS: Futures weaken on jobs growth; Delphi tumbles on $1.5 billion drawdown
By Steve Goldstein, MarketWatch
Last Update: 8:46 AM ET Aug. 5, 2005

LONDON (MarketWatch) -- Stock market futures flattened on Friday after a stronger-than-expected employment report, giving a further lift to bond yields.

207,000 non-farm jobs were added to payrolls in July, above the average forecast for payroll growth of 183,000, with unemployment remaining at 5%.

S&P 500 futures edged off 1.5 points, Nasdaq 100 futures fell 2.5 points, and the 10-year Treasury note yielded 4.373%, up 0.054 points.

Crude-oil futures extended gains from Thursday and were recently at $62.12 in electronic trading.

Overseas, the Japanese yen and the Nikkei 225 index were hit by concerns that postal services reform legislation won't be passed on Monday. The yen fell 0.5% on the dollar while the Nikkei ended more than 100 points lower.