Archive for June 10th, 2014

Deeper Analysis

U.S. Jobs Gap

June 10, 2014

The discrepancy between actual non-farm U.S. payroll jobs and their long-term trend is wider now than in February 2010, the month of the Great recession trough in jobs.  The long-term trend in employment growth is 1.84% per year.   Jobs rose approximately at that average rate both during the ten years between January 1980 and January […] More

New Overnight Developments Abroad - Daily Update

Stronger Yen and Kiwi

June 10, 2014

The dollar fell 0.1% relative to the Australian dolar, 0.2% against the yen and 0.3% versus the the kiwi but shows overnight gains of 0.3% relative to the euro and Swiss franc and 0.1% vis-a-vis the loonie and sterling.  Ten-year Japanese JGB and British gilt yields are unchanged, while the 10-year German bund has dipped […] More