US: Labour market stabilization is in the offing |
|
Payroll employment fell 190,000 in October. This was slightly worse than consensus expectations (-175,000) but keep in mind that the level of employment was revised up a cumulative 91,000 over the two previous months. The unemployment rate hit 10.2% in October, the highest level since April 1983. This is the most disappointing part of the report that will certainly gather most of the attention from market participants. Is there no light at the tunnel for job creation in the U.S.? We have been
Filed under: Fundamental
Latest Posts
- Eurozone: a few thoughts on the January IP report
- Canadian employment: a brighter picture than at first glance
- US: Retail Sales Began Year With Gains
- US: Retail Sales Showed Solid Gains in February
- Chart of the Day – USD/CAD
- Friday Rant.
- US Jobless Claims Decline 6K, Is Positive Job Growth on the Horizon?
- Trade Deficit Narrows in Jan as Imports and Exports Both Drop
- GBP/USD: correction underway
- February US Non-Farm Payrolls shrank a less-than-feared 36K
- February US Non-Farm Payrolls shrank a less-than-feared 36K
- Retail Sales rise in February to support economic outlook of the United States
- Technical Summary for Majors
- Appetite for CEE continues
- Global recovery on track