A Job Creation Hot Streak?

Over the past six months, the U.S. economy has achieved a rare feat: Participation in the labor force hasn’t declined once. Instead, the number of adults working or trying to find work has inched higher, month after month, a signal that the labor market has significantly improved. Analysts will be hoping for a continuation of that trend when the Bureau of Labor Statistics releases its jobs report for April on Friday morning. Economists expect around 203,000 nonfarm payrolls were added last month, and see unemployment edging down to 4.9 percent from 5 percent. Sponsored by: EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse --------------------------------------------------------------- Millions Returning To Job Market Over the past six months, the U.S. economy has achieved a rare feat: Participation in the labor force hasn’t declined once. Instead, the number of adults working or trying to find work has inched higher, month after month, a signal that the labor market has significantly improved. Analysts will be hoping for a continuation of that trend when the Bureau of Labor Statistics releases its jobs report for April on Friday morning. Economists expect around 203,000 nonfarm payrolls were added last month, and see unemployment edging down to 4.9 percent from 5 percent. North Korea Holds Rare Party Congress The secretive Stalinist state holds the first congress of its ruling Workers’ Party in 36 years on Friday. Analysts expect the country's supreme leader, Kim Jong-un, to use the event to formally adopt his "Byongjin" policy of simultaneously pursuing nuclear weapons and economic development, and to further consolidate his power. State media trumpeted “miraculous results,” in the country's nuclear program, but offered few specifics. Japan, Russia Seek To Mend Ties Russian President Vladimir Putin will meet Japanese Prime Minister Shinzo Abe in the Black Sea resort of Sochi Friday. During the rare bilateral meeting, the two leaders are expected to discuss a 70-year-old territorial dispute that has been a source of persistent tension between Russia and Japan. As a result of the dispute, the two countries have yet to sign a peace treaty formally ending World War II-era hostilities. Ireland Set For Minority Government Acting Irish Prime Minister Enda Kenny will seek re-election to his post in parliament on Friday, in a vote he hopes will bring to an end weeks of political deadlock after an inconclusive general election. The vote will be the fourth of its kind since the election, but is the first that appears likely to succeed after the country's second-largest party agreed to abstain in key votes and allow a minority government to rule until 2018. HERE'S WHAT YOU MISSED LAST NIGHT. US Wants Banks To ID Shell Company Owners The Obama administration is issuing a long-delayed rule requiring the financial industry to identify the real owners of companies and proposing a bill that would require companies to report the identities of their owners to the federal government, U.S. officials said Thursday. The new rule and legislation aim to hinder criminals from using shell companies to hide ownership and launder money, finance terror, and commit other financial crimes. Paterno Knew Of Sandusky Sex Abuse In 1976: Report The late Penn State football coach Joe Paterno was made aware of allegations of child sexual abuse against his longtime assistant, convicted serial child molester Jerry Sandusky, as early as 1976, according to a court document that came to light Thursday. The revelation adds fuel to the debate over how much Paterno, long revered at Penn State, knew about Sandusky’s actions. Paterno denied being aware of allegations surrounding Sandusky's abuse of children. The Turkish Town In ISIS' Crosshairs Everyday life has come to a standstill in Kilis as, in recent months, rockets from Syria have broken the calm in the Turkish town. Each day, residents rush indoors, praying for their safety as rockets fired by the Islamic State group in Syria rain down. Labour's Khan Looks Set To Win London Mayor Race With votes still being counted Friday, analysts expect that the Labour party's Sadiq Khan will beat Conservative Zac Goldsmith to become the next mayor of London. As results still come in for local councils and devolved assemblies around the U.K., the political landscape appears largely unchanged, which will be a relief for Labour leader Jeremy Corbyn, after fears of an electoral rout raised speculation about a possible leadership challenge. AND THEN THERE'S THIS... A Female Entrepreneur Beating The Odds Fewer than 2 percent of female entrepreneurs pass the million-dollar mark for their businesses. Starla Tyler, founder of Little Cosmetics, defied those odds, working on the online marketplace Etsy, where the majority of sellers – 86 percent – are women, and generating over a million dollars in sales in her fourth year of business. SpaceX Scores Rocket Success Elon Musk's commercial spaceflight company scored a big win in the early hours of Friday: the firm successfully launched a satellite from one of its Falcon 9 rockets, and landed the rocket on an ocean barge named “Of Course I Still Love You,” meaning it can be reused. Friday’s launch represents the third time the company has successfully recovered a rocket post-launch – a key plank of its business strategy – and is the second time it has successfully completed a landing at sea. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2016 IBT Media Inc. All Rights Reserved. Please add pulse@ibt-mail.com to your contacts [Unsubscribe] | Privacy Policy