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
