Upside US ADP Employment Change Surprise Latest Fuel for the Risk Appetite Fire
Upside US ADP Employment Change Surprise Latest Fuel for the Risk Appetite Fire. Key ECB Meeting on Tap Tomorrow
Key issue will be ECB guidance on potential for asset purchases. USDJPY: flirting with 200-day moving average.
MAJOR HEADLINES – PREVIOUS SESSIONAustralia Mar. Retail Sales out at +2.2% MoM vs. +0.5% expected and -2.0% in Feb. Australia Mar. […]
Canadian Employment Continues to Reel in March
Canadian Employment Continues to Reel in MarchUnemployment rate rises to 8.0% as 61,300 jobs shed in March.Manufacturing and construction clipped severely with full-time jobs and prime-aged males hardhit.
Canada shed 61,300 jobs in March, contracting for the fifth consecutive month, and the national employment rate rose to 8.0%. Employment for core-aged workers (25-64) continues to […]
Employment I: Cyclical Weakness in Jobs, Income and Consumption
Employment I: Cyclical Weakness in Jobs, Income and Consumption
Nonfarm employment fell 663,000 with broad declines in manufacturing, construction and services with continued job losses in temporary help. Aggregate hours declined for the eleventh month in a row, signaling continued recession. With such job losses, consumer spending and thereby growth is still in recession mode.
Employment Declines […]