Employers in the U.S. boosted payrolls and the unemployment rate held at 6.7 percent even as more Americans entered the labor force, showing steady progress that will prompt Federal Reserve policy makers to continue reducing stimulus while keeping interest rates low.
Payrolls rose 192,000 last month after a 197,000 gain in February that was larger than first estimated, the Labor Department reported today in Washington. The median forecast in a Bloomberg survey projected a 200,000 gain. Private employment, which excludes government jobs, surpassed the pre-recession peak for the first time.
Employment in January and February was revised higher, showing the effect on the labor market from inclement winter weather was less severe than previously thought. The gain puts payroll growth in step with the average over the past two years and shows companies are optimistic about the outlook for demand
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The Labor Department’s initial estimate of August job growth on Friday is expected to show another solid month of hiring. Economists surveyed by The Wall Street Journal forecast the economy added 225,000 jobs, which is roughly in between the 12-month average of 214,000 and the 3-month average of 245,000. The unemployment…
Tags: month, average, jobs, rate, unemployment, forecast, department, labor, growth, usa
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The following are the expectations for today's US December jobs reports as provided by the economists at 15 major banks. Goldman: Change in Nonfarm Payrolls (Dec): 230k Unemployment Rate (Dec): 5.7%. Deutsche: Change in Nonfarm Payrolls (Dec): 200k Unemployment Rate (Dec): 5.7%. Morgan Stanley: Change in Nonfarm Payrolls (Dec): 240k Unemployment…
Tags: unemployment, rate, growth, payrolls, average, employment, nfp, payroll, jobs, market
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The Federal Reserve holds its last policy meeting of the year on Tuesday and Wednesday, resulting in plenty of material to be scoured for clues about when interest rates will start inching up. The central bank’s policy committee releases its statement and new economic projections at 2 p.m. Wednesday, followed…
Tags: policy, time, labor, market, outlook, reserve, fed, federal, interest, rates
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The FOMC meeting is the week's highlight even though policy outcome seems a foregone conclusion. It will continue with the tapering course that Bernanke put on the Fed on before he left. However, there are more moving parts than usual, and it is worth reviewing. Essentially, there are four elements of…
Tags: policy, will, continue, fed, usa
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Several Fed Officials Said Forecasts Overstated Rate Rise Meeting minutes revealed that in March, Fed Reserve policy makers discussed that a rise in their median projection for the main interest rate exaggerated the likely speed of tightening. Treasury yields rose last month after policy makers predicted that the benchmark interest…
Tags: rate, fed, rose, percent, u.s, interest, month, february, unemployment, makers
Watch up France !
Spanish 5-Year Yield Drops Below U.S. for First Time Since 2007.
What will happens when you can buy Italian debt.
France is not doing enough right now. Spain and Italy doing lot.
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October 22, 2014 Santiago, Chile The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion. But what does that really mean? It’s such an abstract number that it’s hard to imagine it. Can you genuinely understand it beyond just…
Tags: debt, year
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Picking the best debt-ceiling explainer is a very subjective task. Do you like charts? Then you'll probably like to have the debt ceiling explained in one chart. Do you like movies? This one will explain the debt ceiling in 90 seconds. Do you like cheese from Denmark? Then you will probably like…
Tags: debt, will
China’s benchmark money-market rate is set for the biggest weekly drop since December as demand for cash eased after banks met quarter-end capital requirements.
The seven-day repurchase rate, a gauge of funding availability in the banking system, tumbled 124 basis points, or 1.24 percentage points, to 2.98 percent as of 11:06 a.m. in Shanghai, according to a weighted average from the National Interbank Funding Center. That’s the biggest decline since the five days ended Dec. 27. The rate fell 111 basis points today, the most since March 6.
http://www.bloomberg.com/
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One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China. Much of the analysis in the last few days has focused on why these nations are less exposed to…
Tags: emerging, days, china
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The yuan has recently been something of a safe haven among emerging-market currencies, yet market participants have learned from a bloody lesson over the past week that it is no longer an easy, one-way bet. A sharp fall of both the onshore and offshore yuan against the greenback made the…
Tags: emerging, drop, china
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To understand why many of China's small property developers are struggling, look no further than Zhejiang Xingrun Real Estate. The once little-known regional developer is now on the brink of becoming one of China's biggest real estate bankruptcies in recent memory. As China's property bubble shows signs of deflating in…
Tags: biggest, emerging, china
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The yuan will be able to trade as much as 2% on either side of a daily central bank reference rate, compared with the current 1%
Tags: rate, china
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