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The report was not bad enough to derail the Fed’s and markets’ expectations for a rate hike this year, and it was not stellar enough to lock in a September rate hike.

The odds of a rate increase-based on trading in Fed-funds futures-at the September meeting were 56% Friday, compared with 46% before the jobs report and 48% Thursday, according to traders.

That, at least, is the word from most economists. This year is the first since then that the national unemployment rate for black Americans has dipped below the double-digit mark-and that feat has only been accomplished in 11 states.

“We don’t have the tools to be able to address the structure of unemployment across groups, but a stronger economy generally really does tend to be beneficial to all Americans and that’s what we are working towards”, she said. Economists surveyed by...

Top Wall Street banks still expect the Federal Reserve to raise interest rates in September, but a growing number now believe the central bank is likely to only hike once this year, a Reuters poll found on Friday.

July 7 (BusinessDesk) – The New Zealand dollar traded in a 20 basis point range in local trading as the Reserve Bank of Australia kept interest rates unchanged, and as markets continue to watch the fall-out from Greece’s vote against adopting harsh austerity measures...