The September U.S. Jobs data missed street expectations. The data were softer, but they were not a disaster. Non Farm payrolls increased by +156K in the month but fell short of expectations for a gain of 175K. Those citing the upward revision to the August data could be losing sight of the fact that August was also a miss. the rebound in Average Hourly Earnings got it back to where it has been for a couple of years. The unemployment rate at 5.00% is well above where it was in June (4.70%). Recall this is a cautious Fed. There is a chance it could still could plow ahead with a rate hike in December, but we will need a strong November number first...
Dave Collum Oct 6
Prof of Organic Chemistry @ Cornell. Libertarian. Fan of Austrian business cycle, Zero Hedge, gold. *trigger warning*
Economists cut legs off frog and say, "Jump!" The frog didn't jump. They conclude that when frogs lose their legs they become deaf.
GVI Trading john bland 13:31:16 GMT - 10/08/2016
John M. Bland, MBA
Lacklustre Jobs
The September U.S. Jobs data missed street expectations. The data were softer, but they were not a disaster. Non Farm payrolls increased by +156K in the month but fell short of expectations for a gain of 175K. Those citing the upward revision to the August data could be losing sight of the fact that August was also a miss. the rebound in Average Hourly Earnings got it back to where it has been for a couple of years. The unemployment rate at 5.00% is well above where it was in June (4.70%). Recall this is a cautious Fed. There is a chance it could still could plow ahead with a rate hike in December, but we will need a strong November number first...
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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