March payrolls data disappoints

The monthly nonfarm payrolls data for the month of March was released last Friday by the U.S. department of labor. Official data showed that the U.S. economy created the smallest pace of jobs in six months which was driven by mild weather. However, wage growth was seen strengthening only slightly which was seen as a positive sign amid a broadly ...

2018-04-13 John Benjamin Read more
unemployment

Summary: Payrolls rose 148,000 on a seasonally adjusted basis in December 2017 October and November payrolls revised down by net 9000 jobs S. unemployment rate steady for the third month at 4.1% Average hourly earnings rises 2.5% on the year Underemployment rate increases slightly from 8.0% to 8.1% in December   The U...

2018-01-17 John Benjamin Read more
Steamahead

After the holidays and end of year break, the markets will be going full steam ahead, with lots of important economic releases lined up for the first trading week of the year. Of course, most of the economic data will be focusing on the U.S. dollar. The week starts off with the PMI figures from the UK that cover manufacturing, services and co...

2018-01-17 John Benjamin Read more
October NFP Report

Summary: US economy expected to add 300k on average jobs in October The hawkish forecasts come after September’s data that showed a decline of 33k Average hourly earnings expected to pull back from 0.5% increase (m/m) registered in September US unemployment rate expected to remain steady at 4.2% NFP data could most probably co...

2017-12-12 John Benjamin Read more
NFP_March nonfarm payrolls

The much awaiting monthly payroll figures from the US showed that the economy was hit by the two hurricanes in September. However, the underlying data although a bit distorted suggests long-term pressures building up. Summary: Payrolls decline 33,000 in September, missing estimates of 82k increase August payrolls revised higher to 169...

2017-10-19 John Benjamin Read more
US Dollar bill

The markets open a new trading week and a fresh quarter. The focus will be on the monthly economic reports and indicators. Data from the US will be dominating the newswires, for the most part, this week. Among the central bank meetings, the RBA's meeting is coming up this week, and no changes to interest rates are expected. From the Eurozone, ...

2017-10-22 John Benjamin Read more
NFP_March nonfarm payrolls

The slow pace of the markets is likely to come to an end as traders prepare for a busy September. The week ahead will start off on a somewhat slow note but picks up the pace by mid-week. Economic data includes key market moving events such as the US GDP numbers and the flash inflation data from the Eurozone. Canada will also be reporting on th...

2017-08-28 John Benjamin Read more

The much-anticipated payrolls report for the month of July came with a lot of positives. The data helped the US dollar to recover from the strong losses that have been mounting. In a week that saw the ISM’s manufacturing and non-manufacturing PMI’s both coming out weaker than expected, the July payrolls report was a welcome change. The US empl...

2017-08-08 John Benjamin Read more
US Jobs

Summary: US nonfarm payrolls increased 222k in June. This was above estimates of 178k April and May NFP numbers revised to show a net gain of 47k US unemployment rate ticked higher to 4.4% from 4.3% previously Average hourly earnings were up 0.2% on the month, and 2.5% on a year over year basis June Payrolls beat estimates. Pr...

2017-07-26 John Benjamin Read more
US Jobs_Wage growth

The ISM’s manufacturing and non-manufacturing PMI’s, released earlier this week, suggest that while the activity in both the sectors has improved from a month ago, the employment sub-indexes painted a mixed picture. The ISM’s manufacturing data showed that the employment index rose to 57.2, compared to 53.5 in May. But the non-manufacturing dat...

2017-07-26 John Benjamin Read more