Yes, its out; the US non-farm payrolls for June. In between love island, the World Cup footie and what counts as financial porn (endless tit-for tat negotiations on tariffs and Brexit) you might have missed these. For those fretting about interest rate rises on an overheating employment market, I shouldn’t worry too much that it […]
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There seems to be a whole industry that has emerged to pore over the monthly US non-farm payroll numbers, but ultimately there are only two things of interest. Are US corporate sacking enough employees to signal an impending recession, or employing so many and paying so much as to spook the Fed into tightening monetary […]
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In between hurricanes, German elections, North Korean bomb and missile tests and the usual Jackson Hole navel gazing fest for central bankers, the August non-farm payroll estimates from the BLS may have struggled to make the front pages. At +165k, net private sector job additions for the month (+174k excluding movements in seasonal adjustments), it […]
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+144k net private sector job additions in December may a little below the trend, but with the previous two months revised up by +53k, this is probably where most of the headlines will stop, although Fed diehards may also point to the further rise in average hourly wages to a ten year high of +2.9% […]
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