U.S. jobs report

Good, Bad and the Ugly

July 8, 2016

June saw a much greater-than-expected recovery in U.S. jobs growth.  Non-farm payroll employment leaped 287K in June after a slightly downwardly revised 11K increase in May.  Jobs grew 147K per month in the second quarter, and the unemployment rate slipped from 5.0% in March to 4.9% in June while touching a 4.7% low for the […] More

Resilient Mood Ahead of U.S. Jobs Report

June 3, 2016

Ahead of the May U.S. Labor Department jobs report, which analyst believe could be distorted, there is an upbeat mood that the U.S. economy can handle a Fed tightening easily and that commodities aren’t going to hit another air pocket. The dollar is marking time, with no net change against the euro, yen, Swiss franc, […] More

Stocks Trade Lower ahead of U.S. Jobs Data and Amid Poor Overseas Data

May 6, 2016

Equities dropped 2.8% in China, 1.7% in Hong Kong, 0.5% in South Korea and 0.3% in Japan, which reopened for the first time since Monday. In Europe, share prices are down 1.3% in Italy, 0.8% in the U.K., 1.0% in France, 0.6% in Germany, 0.5% in Spain and 0.4% in Switzerland. The dollar advanced 1.3% […] More

Global Risk Aversion Ahead of U.S. August Jobs Report

September 4, 2015

Stocks in the Pacific Rim fell 2.2% in Japan and Indonesia, 1.5% in Singapore and South Korea, 0.7% in Hong Kong, 0.5% in New Zealand and 0.2% in China. Stocks in Europe are down 2.4% in Italy, 2.1% in Germany, 2.2% in France, 1.8% in the U.K., 2.0% in Spain, and 1.5% in Switzerland. Today […] More

Ahead of an Important U.S. Jobs Report

February 7, 2014

Overnight movements in the dollar have been limited to dips of 0.1% against the loonie and sterling and upticks of 0.3% versus the Aussie dollar and 0.1% vis-a-vis the yen and euro.  The dollar is also unchanged against the kiwi, yuan and Swiss franc. Share prices in the Pacific Rim climbed 2.2% in Japan, 1.6% […] More

Whipsawed by Fed, ECB, and Then U.S. Labor Statistics

May 3, 2013

It’s been a week full of surprises but ultimately accentuating Europe’s relatively dismal outlook. The Fed on Wednesday left its policy guidance unchanged and affirmed the data-driven algorithms that will dictate future decisions.  While the ADP private jobs estimate that day was disappointing, new jobless insurance claims out Thursday of 324K, a 5-year low, and […] More

U.S. Service-Sector Purchasing Managers Survey Advantage Widened Last Month Versus Ezone

January 4, 2013

The U.S. and Ezone service-sector purchasing manager survey results for December were released today.  Each improved significantly from November readings. The U.S. 56.1 reading was 1.4 points better than in November and above the 50 no change threshold and also above 55.0 for the first time in nine months.  Analysts had mistakenly expected the index […] More

Dollar Strengthens on FOMC Minutes

January 4, 2013

FOMC minutes released Thursday afternoon in the United States have created new doubt about how long quantitative easing will be sustained, as such revealed split opinion among policymakers.  More than a few expressed mounting concern about the difficulty of eventually reducing the balance sheet and felt it would be prudent to end QE before December […] More

Markets Reacting Well to Draghi Unlimited Yet Conditional Bond Buying Commitment

September 7, 2012

Equities in the Pacific Rim jumped by 4.5% in China, 3.1% in Hong Kong, 2.6% in South Korea, 2.2% in Japan, 2.0% in India, 1.0% in Indonesia and the Philippines, and 0.8% in Australia and Singapore.  Australia’s market only firmed 0.3%, by comparison.  In Europe, stocks are up 2.2% in Italy, 1.1% in France, 0.9% […] More

Poor European PMI Results Reported as Markets Now Await U.S. Jobs Data

May 4, 2012

April purchasing managers readings strongly suggest the Euroland entered the second quarter still in recession. Japan was closed for Greenery Day, another part of the Golden Week holidays. Analysts are forecasting a 170K increase in U.S. non-farm payroll jobs and an unchanged 8.2% unemployment rate.  Figures are due at 08:30 EDT (12:30 GMT). Beyond the […] More

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