Wednesday, September 2, 2015

U.S. Private Payrolls Rise Steadily; Productivity Revised Up

By Lucia Mutikani

WASHINGTON (Reuters) — U.S. private employers maintained a solid pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.

The ADP National Employment Report on Wednesday showed private payrolls increased 190,000 last month. While that was below economists’ expectations for a gain of 201,000 jobs, it was a step-up from the 177,000 positions created in July.

“Job growth remains strong and broad-based, except in the energy industry, which continues to shed jobs,” said Mark Zandi, chief economist of Moody’s Analytics in West Chester, Pennsylvania.…

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Russia Says Will Respond In Kind To New U.S. Sanctions Over Ukraine

MOSCOW (Reuters) – Moscow said on Wednesday it would react in kind to United States’ widening of sanctions imposed on Russia over the crisis in Ukraine, criticizing the move as straining relations and posing risks for international stability.

The U.S. Federal Register said on Wednesday Washington was adding 29 people to the sanctions list to tighten restrictions previously imposed on Russia.

Kremlin spokesman Dmitry Peskov said Russia’s response would be reciprocal.

The Russian Foreign Ministry said that adding more sanctions on Moscow was illegitimate and added to a series of hostile actions taken by the United States against Russia.

It said the “reckless” U.S.…

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Manhunt For Suspects In Illinois Police Officer’s Death Enters Day Two

CHICAGO (Reuters) – The police hunt in northern Illinois for three suspects believed to be involved in the fatal shooting of a 30-year veteran police officer entered a second day on Wednesday, as local schools were closed and a vigil for the slain officer was planned.

More than 100 officers, including federal marshals, Illinois State Police and McHenry and Lake County Sheriff’s units, have searched by air and ground in dense woods in the area of Fox Lake, nearly 60 miles (97 km) north of Chicago and close to the Wisconsin border.

Fox Lake Police Lieutenant Charles Joseph Gliniewicz was found wounded on Tuesday morning after reporting that he was pursuing three suspects on foot, the Lake County Sheriff’s Office said.…

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