Why the Lack of Reaction to Friday’s Dismal US Employment Data?
Why the Lack of Reaction to Friday’s Dismal US Employment Data?Euro, British Pound Consolidate Losses Post-Rate Cuts, But Long-Term Trends Remain BearishCommodity Dollars Surge, Japanese Yen Slips as Volatility CoolsUS Dollar: Why the Lack of Reaction to Friday’s Dismal US Employment Data?
The US dollar may have ended the day lower versus most of the majors, […]
Employment: Into the Teeth of the Recession
Employment: Into the Teeth of the Recession
Nonfarm employment fell 240,000 with declines in manufacturing, construction, retail & business services and finance. Meanwhile, the unemployment rate rose to 6.5 percent and the median duration of unemployment rose to 10.6 weeks. Aggregate hours declined for the seventh month in a row, thereby reinforcing the recession forecast.
Employment Declines […]
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Employment in Canada rose 9,500 in October, stronger than market expectations of a 10,000 drop, after the 107,000 surge in September. However, the modest increase in employment did not prevent the unemployment rate from rising to 6.2% from 6.1% in September. The key wage measure […]