Accounting News Roundup: Economy Adds 117,000 Jobs; FASB Takes on Private Co Accounting; Who Pays the Lowest State Business Taxes | 08.05.11
Employers hire 117,000 in July; jobless rate slips to 9.1% [Washington Post]
Hiring picked up in July, the government said Friday, offering evidence that the nation is muddling through a period of very weak growth but not falling back into recession. Employers added 117,000 jobs last month, the Labor Department said Friday, compared with a revised 46,000 in June and better than the 85,000 net new jobs that forecasters had expected. The unemployment rate ticked down to 9.1 percent, from 9.2 percent in June.
FASB Meetings to Address Private Company Accounting Issues [