Monday Daily Delawhere [7.7.14]
Cape Henlopen State Park, from Jeffrey on Flickr.
Also encouraging: Job gains for April and May were revised up by a total 29,000. April's increase was revised to 304,000 from 282,000 and May's to 224,000 from 217,000. April's total marks the first time monthly job gains topped 300,000 since January 2012. Payroll additions have averaged 272,000 the past three months and 231,000 for the year, vs. 194,000 in 2013. Bob Baur, chief global economist of Principal Global Investors, says accelerating job growth is feeding into a virtuous cycle, in which stronger payroll gains lead to higher consumer spending and further employment advances.