U.S. unemployment

Watching Cannes Summit and Data Releases

November 4, 2011

Market attention today will be split between several key data releases and the G20 scramble to stop the Greek debt bomb.  Investors also continue to react to yesterday’s rate cut by the ECB. Meantime, changes in the dollar are generally modest, with upticks of 0.5% against the Swissie, 0.3% vesus the loonie, and 0.1% against […] More

A Respectable U.S. Jobs Report Elevates Dollar Somewhat Further

April 2, 2010

Non-farm payroll jobs advanced 162K last month.  That was not far from post-ADP expectations in the market.  It was also the largest monthly advance since March 2007 and the third best gain since May 2006.  With combined upward revisions of 62K in January-February, jobs increased by 54K per month on average last quarter compared to […] More

All Bets Off on U.S. Recovery If Equities Plunge

January 21, 2010

A very wide dispersion persists among U.S. growth projections.  Some analysts expect real GDP to expand more than 4.0% in the year between 3Q09 and 3Q10, and others have penciled in a return to recession.  The pessimists tend to stress the temporary nature of factors behind the impressive rebound of activity, namely a favorable turn […] More