Payrolls Rise Less Than Projected, U.S. Jobless Rate Steady
Payrolls rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce, signaling the global slowdown and financial-market turmoil are rippling through the world’s largest economy. The addition of 142,000 jobs followed a revised 136,000 gain the prior month that was lower than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of 96 economists called for a 201,000 advance. The jobless rate held at 5.1 percent, and wage growth was unchanged. The weak report vindicates the Federal Reserve’s decision to delay an …
The US Employment Situation – September 2015
Total non farm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. Household Survey Data In September, the unemployment rate held at 5.1 percent, and the number of unemployed persons (7.9 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.3 million, respectively. (See table A-1.) Among the major worker groups, the unemployment rates for adult men (4.7 …
UK Construction output growth accelerates to a seven-month high in September
September data pointed to a further rebound in output growth across the UK construction sector, supported by faster rates of expansion in all three categories of activity monitored by the survey. Greater workloads and positive sentiment regarding the business outlook contributed to a sharp increase in staffing levels during September. However, new business growth continued to ease from June’s recent peak, with the latest upturn in new work the weakest for five months. Meanwhile, construction companies indicated the least marked lengthening of suppliers’ delivery times since November 2010, which provided further evidence that …
Putin’s Friends Reap Billions in Deals as Economy Teeters. The new prize from the Kremlin arrived in eastern Siberia.
On the plains near the city of Yakutsk, trumpets sounded as President Vladimir Putin signed his name in white ink on a stretch of black pipeline, the symbolic starting point of a $400 billion natural gas link to the Far East.
It was little more than show. The Power of Siberia pipeline will actually wind several hundred miles to the south.
An OPEC Minister Just Made A Surprising Statement About Who Controls Oil Prices. Remember when OPEC was a cartel that attempted to stabilize oil prices by manipulating its production? No longer. Saudi Arabian Minister of Petroleum Ali Al-Naimi made a surprising statement at a UN climate-change meeting in Lima, Peru. “Why should I cut production? You know what a market does for any commodity. It goes up and down and up and down,” Al-Naimi said, according to …[/testimonial]
[testimonial author=”Mary Major”] Australia Labour ForceEmployment increased to 11,613,900. Unemployment increased to 775,400. Unemployment increased by less than 0.1 pts to 6.3%. Participation rate remained steady at 64.6%. Aggregate monthly hours worked decreased 1.8 million hours to 1,606.1 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 42,700 to 11,637,400. Full-time employment increased … [/testimonial]
Ilya Spivak“] Yen Rally May Find Fuel In Russian Crisis Fears, ECB TLTRO. The Japanese Yen underperformed overnight, sliding as much as 0.5 percent against its top counterparts. The move appeared corrective following yesterday’s aggressive advance. The currency rose the most in 18 months against the US Dollar and scored considerable gains against the Euro and the British Pound. As we detailed in our weekly forecast, Yen gains look likely on the back profit-taking on“risk-on” exposure ahead of the calendar year turn.
Euro Traders Prepare For Direct Stimulus Update.‘The Dollar’s safe haven status is broken’? That seems to be a claim be made more often these days and is reinforced by this past session where the currency suffered its worst single-session loss since mid-October…a similar record to the S&P 500’s 1.6 percent slump. Both Dollar and equities have advanced in tandem over the past weeks, and are now correcting together.