UK workers to face rising unemployment, falling real pay over Brexit

British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned. The era of rapidly increasing employment is over, according to the forecasting group EY Item Club, which on Monday predicted the unemployment rate will rise from 4.7% now to 5.4% in 2018 and 5.8% in 2019…

U.S. nonfarm payroll employment rises by 211,000 jobs in April, jobless rate hits 4.4%

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March…

U.S. unemployment rate drops to 4.4$, lowest level in 10 years

America’s job market rebounded in April. The unemployment rate dropped to 4.4%, its lowest level since May 2007. America added a solid 211,000 jobs in April, far surpassing the disappointing 79,000 jobs gained in March, according to Labor Department figures released Friday. “It’s a very strong report,” says Michael Arone, chief investment strategist at State Street Global Advisors. “We’re nearing full employment in the US economy.”…

US NFP (Nonfarm Payroll) Employment | May 5, 2017 | Currency News

US NFP is expected to be around 194K, and considering the Fed’s rate tightening actions and the possibility for up to 2 more rate hikes this year, an above trend NFP release is definitely expected, or the market will wonder whether or not the Fed will indeed hike 2 more times. Obviously another important figure […]

CA Employment Change | May 5, 2017 | News Trading

We´ll be getting the Canadian Employment Change release figure along with the US Nonfarm Payroll Report.  Since 95% of the market is paying attention to the NFP, I’d recommend that we do the same.  On an odd chance of having a strong CAD release versus a weak US release (or vice versa), we should see […]

Brick-and-mortar retail stores reached a tipping point in March jobs report

JC Penney employs as many people as the entire coal mining industry, about 100,000 (and declining). Maybe we should start paying more attention to the hits retail is taking, as seen in today’s jobs report. While many economists called the March numbers from the Bureau of Labor — with a sharply lower number of jobs created than anticipated, but the lowest unemployment rate since May 2007 — muddled, one trend was clear: traditional brick-and-mortar retail has reached a tipping point…

AU Employment Change | April 12, 2017 | Currency Trading News

The Australian Employment Change release today is highly focused release which gives a glimpse into current Australian economy.  A strong release with full-time employment is obviously positive for the AUD, therefore we’d only take a trade if and when we get to our tradable deviation. 8:30pm (NY Time) AU Employment Change Forecast 20.3K Previous -6.4K […]

U.S. created only 98,000 jobs in March but unemployment rate dropped to 4.5%

The economy added only 98,000 jobs in March, well below expectations, though the unemployment rate dropped to its lowest rate since May 2007, before the recession started. The jobless rate last month fell from 4.7 percent to 4.5 percent because 472,000 more Americans found jobs last month, the Labor Department said Friday…

U.S. job growth slowed sharply in March amid bad weather, retail sector layoffs

U.S. job growth slowed sharply in March amid continued layoffs in the retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested labor market strength remained intact. Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, the Labor Department said on Friday.
Job gains, which had exceeded 200,000 in January and February, were also held back by a slowdown in hiring at construction sites, factories and leisure and hospitality businesses, which had been boosted by unusually warm temperatures earlier in the year…

U.S. unemployment rate drops to 4.5% in March, hits decade low

The U.S. unemployment rate dropped to 4.5%, the lowest level since May 2007. However, hiring slowed substantially in March, President Trump’s second full month in office. America only added 98,000 jobs, according to the Labor Department. It’s a disappointment, given the U.S. added 219,000 jobs in February and averaged 187,000 new jobs a month last year. But economists are already calling it a one month “blip.” It’s common to see a weak month of hiring at some point during the winter…

U.S. jobless claims dropped 25,000 for week ended April 1, biggest drop in almost two years

New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market. Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest since the week ending April 25, 2015…

US NFP (Nonfarm Payroll) Employment | April 7, 2017 | Currency News

US NFP is expected to be around 176K, and considering the Fed’s rate tightening actions and the possibility for up to 3 more rate hikes this year, a strong consistent job gain is what will keep the USD well supported for the long-term. 8:30am (NY Time) US NF Employment Forecast 176K Previous 235K 8:30am (NY […]

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