Aquatics Magazine Readers Vote Heat Siphon with New Temperature Probe 2017 Most Valuable Product
by Bill Bernardi - June, 2017
Posted - Los Angeles, CA
We are very proud and pleased to publish the following letter received from the Editor-In-Chief of Aquatics International Pool & Spa News:
Each year the readers of Aquatics International select the 25 Most Valuable Products (MVP) from those featured in the January 2017 New Products Issue.
I’m happy to inform you that your product, Pool Heat Pump Models w/new thermometers, made this year’s MVP list. As one of the MVPs, your product will appear in a four-color editorial of reader-selected Most Valuable Products, which is scheduled to run in our June digital edition.
Again, congratulations! "
Joanne McClain , Editor-in-Chief
Aquatics International Pool & Spa News
Hiring Pace Picks Up in June
By Jeffrey Sparshott - July 7, 2017
WASHINGTON—U.S. employers picked up their pace of hiring in June, evidence of sustained economic momentum heading into the second half of the year. June nonfarm payrolls rose by a seasonally adjusted 222,000 from the prior month, the Labor Department said Friday.
The unemployment rate ticked up to 4.4% from 4.3% the prior month as more people joined the workforce and started looking for a job.
Economists surveyed by The Wall Street Journal had expected 174,000 new jobs and a 4.3% unemployment rate in June. April’s payrolls were raised to 207,000 and May’s tally to 152,000, a net increase of 47,000. “Today marks the economy’s eight-year anniversary since the end of the Great Recession, with this morning’s jobs report revealing a booming labor market this summer,” said Andrew Chamberlain, chief economist at job search site Glassdoor.
The U.S. labor market has been a bright spot in a long recovery marked by slow overall growth. But even with 81 consecutive months of job creation, a historically large share of Americans have opted out of the workforce and wage gains have remained below prerecession levels. Average hourly earnings for private-sector workers rose 2.5% in June compared with a year earlier, a level little changed since March.
In the months before the recession, wage gains topped 3%.
Healthy Economy Signs - Service Industry Index Up Again
By Josh Mitchell -WSJ - Updated July 6, 2017
Business at U.S. service providers climbed steadily in June, a sign the broadest segment of the economy is gaining momentum after a lackluster first half of the year. A closely watched index of nonmanufacturing activity rose to 57.4 in June from 56.9 in May, the trade group Institute for Supply Management said Thursday.
A reading above 50 indicates industry expansion, as measured by sales, production, hiring, inventory levels and other factors. Economists surveyed by The Wall Street Journal had expected a June reading of 56.5. Service providers form the bulk of the U.S. economy, covering industries such as construction, mining, accounting and health care.
Activity in the sector provides a broad snapshot of the broader economy’s health. Thursday’s report showed a jump in sales, a slight pickup in production and a surge in companies restocking their shelves—signs of stronger spending by Americans and rising optimism among businesses.
“Every month we think we might have a little bit of a clawback here and yet we don’t—we just keep chugging along,” said Anthony Nieves, head of the ISM survey. “The only thing I feel would derail this is some catastrophic event.” The report could offer reassurance to the Federal Reserve about the economy’s health as it considers another increase in short-term interest rates and shrinking its portfolio of bonds and assets in coming months.
The June reading on service-sector activity corresponds to economic output growing at 3.3% a year, the ISM report said. Thursday’s report showed prices in the service sector picked up, indicating higher inflation. Employment continued to rise, but at a slower pace from the prior month. Inventories grew healthily, suggesting rising optimism among business owners as they restock their shelves.
BETTER DAYS ARE ON THE WAY