Unemployment Benefits: Bank of America Merrill Lynch

Bank of America Merrill Lynch: The latest data point to steady job growth, an encouraging sign ahead of Fridays jobs report for June. The brighter hiring outlook also helped stocks end the day higher. The Dow Jones industrial average closed up 56 points, according to 660 News. The labour market remains one of the healthiest parts of the economy right now, Ethan Harris, global economist at Bank of America Merrill Lynch, said and WASHINGTON U.S. companies stepped up hiring last month, a private survey showed Wednesday. And the government says fewer people applied for unemployment benefits last week. Further job gains could lower the unemployment rate, which is still high at 7.6 per cent, and help economic growth rebound in the second half of the year. If growth accelerated and unemployment fell, the Federal Reserve might start to scale back its bond purchases before the year ends. (www.immigrantscanada.com). As reported in the news.