U.S. jobless rate falls to 5.1% in August
WASHINGTON – U.S. unemployment fell to a seven-year low of 5.1 percent last month, but hiring slowed – a mixed bag of news that offers few clues to whether the Federal Reserve will raise rock-bottom interest rates later this month.
The Labor Department report, issued Friday, was closely watched because it will be the last snapshot of the job market before the Fed meets in two weeks. And overall, it painted a picture of an economy growing at a modest but steady pace seven years after the Great Recession.
But it wasn’t the unambiguous signal many on Wall Street were hoping for.
Higher rates rise would most likely push up borrowing costs for mortgages and other loans for consumers and businesses.
Clinton acknowledges problem with emails
WASHINGTON – Hillary Clinton said Friday her use of a private email system at the State Department wasn’t the “best choice” and acknowledged she didn’t “stop and think” about her email set-up when she became President Barack Obama’s secretary of state in 2009.
The Democratic presidential front-runner said in an interview with NBC News that she was immediately confronted by a number of global hotspots after joining the new Obama administration as its top diplomat and didn’t think much about her email after arriving at her new job.
“You know, I was not thinking a lot when I got in. There was so much work to be done. We had so many problems around the world,” Clinton said. “I didn’t really stop and think what kind of email system will there be?”
Boeing reveals name for NASA spacecraft
CAPE CANAVERAL, Fla. – Boeing already has the Dreamliner. Now it also has the Starliner.
The aerospace giant announced the name of its future space fleet Friday. More than 200 people, including Florida Gov. Rick Scott, NASA and Boeing officials, and a bevy of former astronauts, gathered at NASA’s Kennedy Space Center to celebrate the grand opening of Boeing’s commercial crew and cargo processing facility.
Once a space shuttle hangar, the transformed building will serve as home to the Starliner. Its first launch with a crew to the International Space Station is targeted for 2017.
Associated Press
