U.S. jobs data

Friday Data Put Coronavirus Recession in a League of its Own

April 3, 2020

The U.S. monthly labor force survey for March could have been worse because of the release’s disclaimer that “the survey reference periods predated many coronavirus-related business and school closures that occurred in the second half of the month.” That being said, non-farm payroll employment plunged 701K, most since April 2009. A drop of 701,000 jobs […] More

Oil Under $50 and Gold Below $1,200 as U.S. Jobs Report Nears

March 10, 2017

A mixed overnight trading session finds the dollar up 0.4% against the yen and above the 115 level but down 0.3% to 1.0610 per euro. The dollar climbed 0.2% against sterling and 0.1% versus the Swiss franc but lost 0.4% to the peso, 0.2% against the Aussie dollar and 0.1% vis-a-vis the kiwi. The yuan […] More

Optimism Ahead of U.S. Jobs Report

April 4, 2014

The U.S. Labor Department report is eagerly awaited for confirmation that the U.S. shook off its winter doldrums.  Economists have predicted a better 190K advance in nonfarm jobs, but the whisper numbers in the street go as high as 250K in the wake of Wednesday’s ADP private employment estimate.  The jobless rate is seen falling […] More