US Non farm payrolls Archives - Page 2 of 4

Tag Archives for " US Non farm payrolls "

November US non-farm payrolls – a positive mix for equities

On balance, November’s non-farm payroll numbers were as good as might have been hoped for, at least for equities. Whilst the progress of the tax reforms, which offer to drop Federal corporation tax rates by 15ppts (from 35% to only 20%) are clearly more relevant to both valuations and FCF assumptions, the improved […]

US September jobs data – never let a hurricane go to waste!

Never let a good hurricane go to waste. So when a couple turn up within a few weeks of each other (Harvey hitting Texas on 25th August and Irma skimming Western Florida on the 10th September) no one is going to take the estimated employment data for September as being particularly indicative of the underlying […]

US adds +205k jobs in July – normally a positive for the US dollar, but now?

The problem of communicating a softening macro outlook is that it lowers interest rate expectations which in turn is a buy signal for not just investors, but also recruiters. So while the IMF cut its US GDP expectations for 2017 and 2018 by -20bps and -30bps respectively (both now to +2.1%) and currency markets have ‘drumfped’ […]

US jobs data for May – real trends now being allowed to show through

Is the BLS letting markets down gently that the US economy sucks and to kiss goodbye to a rate hike in June? Beyond the boost in February from renewed shale fracking and an exceptionally mild winter (on mining and construction job formation), US job growth into 2017 has been dire. I’m not referring to the […]

April Non-farm payrolls: how to turn +76k jobs into +194k

This is feeling like Groundhog day. Another monthly jobs report by the Dept of Labor showing strong employment growth and triggering a wall of narrative from the markets proclaiming the next rate rise like the second coming, but another conclusion based on what Trump might describe as ‘fake news’. Were those who predicted April MoM […]

Now you’ve been distracted, here’s the real US monthly job growth numbers

Gosh, with so much excitement going on in the world between the bombs, missile strikes and false flags it was easy to miss last week’s US non-farm payroll release for March. Not that one would have missed much. Having delivered its much anticipated second rate increase in the current tightening cycle, the Fed no longer […]

January beat for US non-farm payrolls – or did they?

Don’t you just love it? Every month the financial community analyses the eagerly awaited US non-farm payroll numbers and impresses us all with their reading of the state of the economy and the next potential move in interest rates and therefore life as we know it. Of course for particularly sophisticated algo funds all this […]

If rates rise, it won’t have anything to do with the US jobs data

It’s the first Friday of the month again and I’ve woken to Punxsutawney Phil and predictions of imminent interest rate increases following the traditional release of the US non-farm payroll numbers; this time for November. Notwithstanding these are probably even less meaningful than normal given the Presidential elections at the beginning of the month it […]

« Previous 1 2 3 4 Next »