U.S. jobs

Few Thoughts on Today’s U.S. Jobs Numbers

July 2, 2010

A downshift in U.S. employment growth occurred longer ago than generally realized.  Over the forty years from January 1949 until January 1989, jobs expanded at a 2.2% annualized rate.  Among the last four presidencies, only Bill Clinton’s stewardship saw a faster rate of job creation, 2.4% per annum.  Jobs went up 0.6% per annum when […] More

A Shift in Focus from Euroland to the United States

July 2, 2010

A watered-down, more politically palatable proposed tax on Australian mining was announced by the new prime minister.  The Aussie Dollar and kiwi are up 0.4% and 0.5% against their U.S. counterpart on relief that growth in Australia will not be damaged as much as feared previously. The Swiss franc retreated 0.5% against the dollar and […] More

Confined Dollar Movement Ahead of U.S. Jobs Report

March 5, 2010

The dollar is narrowly mixed with gains of 0.3% against the yen, no change versus sterling and the Swiss franc, and declines of 0.5% relative to the kiwi, 0.3% against the Australian dollar and 0.1% versus the euro and Canadian dollar. Stocks rose 1.4% in India, 0.7% in China and Australia, 0.5% in New Zealand […] More