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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Israel Slams Palestinians’ Push To Fly Their Flag At U.N.

By Louis Charbonneau

UNITED NATIONS (Reuters) — Israel on Tuesday complained to the United Nations about a Palestinian initiative to fly their flag alongside full member states’ at the world body’s headquarters, calling it “another cynical misuse of the U.N. by the Palestinian Authority.”

Currently, only member states’ flags fly at U.N. headquarters. While the 193-nation assembly overwhelmingly approved the de facto recognition of the sovereign state of Palestine in 2012, a Palestinian attempt to secure full U.N. membership failed. Palestine is considered a non-member state.

But the flags of the two non-member states — Palestine and the Vatican — could soon be flying at the United Nations.…

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U.S. Senator Coons Says He Will Support Iran Nuclear Deal: Washington Post

(Reuters) — Democratic U.S. Senator Chris Coons said on Tuesday he will support the Iran nuclear deal, the Washington Post said, leaving the list of senators backing the agreement just one shy of the 34 needed to ensure it will survive congressional review.

Coons, a member of the Senate Foreign Relations Committee, holds the Delaware U.S. Senate seat once held by Vice President Joe Biden. He was due to discuss his position on the Iran deal on Tuesday at the University of Delaware.

To date, 31 Senate Democrats and two independents who vote with the Democrats have said they would back the agreement.…

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