Tag Archives: employment

Planning before US Unemployment

The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released at 8:30 a.m. Eastern time Thursday.

APPLICATIONS MAY STAY LOW: Economists forecast that the number of people seeking benefits will dip 1,000 to a seasonally adjusted 330,000, according to a survey by FactSet. That level is roughly in line with pre-recession figures, a sign that corporate layoffs are low.

http://money.msn.com/business-news

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Australian Unemployment Jumps to 10-Year High; Aussie Drops

Australia’s unemployment rate climbed to the highest level in more than 10 years in January, spurring traders to pare bets on an interest-rate increase and sending the Aussie to its biggest drop in almost three weeks.

The jobless rate rose to 6 percent from 5.8 percent, the statistics bureau said in Sydney. The median estimate was an increase to 5.9 percent in a Bloomberg News survey of economists. The number of people employed fell by 3,700.

http://www.bloomberg.com/

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Friday 07-feb-14 watching

US debt limit deadline

The debt limit – the maximum amount of debt the federal government can issue to the public and other federal agencies – was suspended on 17 October 2013 until 7 February 2014, as a short-term fix to the debt ceiling crisis in October.

On 8 February 2014, the limit will be reset at the level of debt at that date. The latest figure for the amount of debt subject to the limit is USD17.3trn.

US January Employment Report (13:30 GMT)

Get involved in the most intense market events. As such, I think you should know that U.S. Non-Farm Employment Change figures are expected tomorrow,Friday, January 8, at 13:30 (GMT), and you need to be prepared.

Market events like this one tend to create either big changes to current trends or push current trends even further.

Generally, the Majors are the ones most affected by market events in general, but Crude Oil, Gold prices, and even the price of Silver can change dramatically in the seconds after such a publication.

Consensus is 185K

 

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January 2014 employment report alias NFP

Tomorrow brings the January 2014 employment report – NFP – .  The usual caveats apply:

  • The monthly change in payrolls is a net number and represents only a fraction of the churn in the labor market.
  • The employment data is heavily revised.  The preliminary number can greatly understate or overstate actual labor market behavior.
  • Nasty weather might also have impacted the numbers.  Robin Harding at the Financial Times identifies other factors – expiration of unemployment benefits and annual revisions – that can also scramble the final numbers in the report.
  • Forecasting the change in payrolls is thus something of a fool’s game.  A game we all play nonetheless.

US NFP Employment measures is the change in number of employed people during the previous month, excluding the farming industry.

A rising trend has a positive effect on the nation´s currency.

Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.

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