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
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
UK Jobs_0404

The US Dollar advanced across the board yesterday, rising above 101.0 for the first time in two weeks. This is due to the Federal Reserve Chair Yellen testimony yesterday. Surprisingly, Janet Yellen kept the door open for a possible rate hike in March meeting, which pushed the Dollar higher, even though the Fed Fund Futures is pricing in 30% ch...

2017-02-15 Nour Eldeen Al-Hammoury Read more
US Jobs_Wage growth

The US nonfarm payrolls report covering the month of November will be released today, on December 2nd 2016 by the Bureau of Labor Statistics at 12:30 GMT. The consensus estimates for the month of November are as follows: Monthly Nonfarm payrolls: 165k Unemployment rate: 4.90% Average hourly earnings m/m: 0.20% Previous (October 2...

2016-12-02 John Benjamin Read more
Australia_Orbex

The Australian Dollar posted strong gains in early Asian trading led by a stronger than expected jobs report. The monthly unemployment rate fell to 5.9% from 6.2% previously while the monthly job gains increased 58.6k beating a very conservative estimate of 14.8k. Last month's job gains were also revised higher to -0.8k marking a strong jobs rep...

2015-11-12 John Benjamin Read more
Wall_Streeet_Orbex

The AUD/USD was hit by a bearish sentiment after RBA’s (Reserve Bank of Australia) statement that the Aussie is adjusting to the decline in the commodity prices, the decision of a monetary policy ease in order to uplift the demand still sitting on the table. Latest report on Australia’s economy show that the labor market is going up, with the jo...

2015-11-09 Kira Vessiari Read more

The Office of National Statistics (ONS) will be releasing the monthly jobs data for the UK today at 0830GMT. The median estimates from economists polled, expect to see the UK unemployment rate remain steady at 5.6%, unchanged from last month while expecting to see a drop in the claimant count change to 1.4k from 7k a month ago. The median estima...

2015-08-12 John Benjamin Read more
Aussie

The monthly jobs report for Australia saw the unemployment rate rise more than expected to 6.3%, above estimates of 6.1%. The previous month's unemployment rate was also revised higher to 6.1% from the previously estimated 6.0%. On the monthly jobs numbers, the Australian economy added 38.5k new jobs to the economy, beating estimates of 10.2k...

2015-08-06 John Benjamin Read more
December 18th

There seems to be no respite to the economic indicators in New Zealand as the latest jobs numbers posted disappointing figures. Unemployment rate for the month of July stood at 5.9%, up from 5.8% last month, while on a quarterly basis labour market growth grew at a subdued pace of 0.3%, down from 0.7% previously. The New Zealand economy added...

2017-09-18 John Benjamin Read more

Australia's unemployment rate stood at 6% in June, while May's unemployment rate was revised to 5.9% from previous estimates of 6%. The Australian jobs report for the month of June was overall positive as employment grew by 7300 jobs. The previous month's jobs numbers saw a slight downward revision to 39,900 jobs down from previously estimate...

2015-07-10 John Benjamin Read more