US economy exceeds expectations

US economy exceeds expectations to add 287,000 jobs Figure comes after two months of disappointing job growth Unemployment climbs to 4.9%, labor department says The US economy added 287,000 jobs in June – exceeding expectations after two months of disappointing job growth. The unemployment rate went up to 4.9%, the Department of Labor announced on Friday. Economists polled by Reuters had expected 175,000 jobs to be added in June and the unemployment rate to go up to 4.8% – up from 4.7% a month ago. Friday’s report comes just days after the…

Welsh Reject EU

Welsh Reject EU, but Its Money Will Be Missed NEWPORT, Wales — David Adams co-owns a Welsh painting business. His leanings in the recent referendum to leave the European Union would seem obvious. Grants from the European Union have funded many of the projects he works on, including the former bank branch he was painting last week in this city in southern Wales. European Union funds also helped him hire apprentices, including his own son. And Wales gets back far more money from the European Union than it pays in. But many…