Tag Archives: U.S. Average Earnings

The payroll report for October 2017 was still affected by the summer storms in Texas and Florida. That was expected. The Establishment Survey estimates for August and September were revised higher, the latter from a -33k to +18k. Most economists were expecting a huge gain in October to snapback from that hurricane number, but the latest headline was just +261k. For those two months combined, the headline advanced at an...

Swiss Franc The Euro has fallen by 0.13% to 1.1631 CHF. EUR/CHF and USD/CHF, November 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is firm but is not going anywhere quickly. The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version...

The hurricanes didn’t disappoint, causing major damage at least to the BLS. Precisely how much the statistics were affected by the disruptions in Texas and Florida really can’t be calculated, not that everyone won’t try. It makes this month’s payroll report a Rorschach test of sorts. You can pretty much make it out to be whatever you want. US Average Weekly Earnings, Jan 1990 - 2016(see more posts on U.S. Average...

United States US interest rates and the dollar rose in response to the data. It was firm before the report. The US Dollar Index is up for a fourth consecutive week. It is the longest streak since Q1. US 10-year yields are near 2.40%, an area that has blocked stronger gains for nearly six months. Nonfarm payrolls The storms that hit the US had a greater impact on the US labor market than many expected. The recorded a...

Swiss Franc The Euro has risen by 0.04% to 1.1418 CHF. EUR/CHF and USD/CHF, September 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback’s gains yesterday. Manufacturing PMIs from China, EMU,...

The US created 209k jobs in July and jobs growth in June was revised higher (+9k) to 231k. The underemployment rate was unchanged at 8.6%. United States Nonfarm payrolls The 287k nonfarm payroll growth in June (265k private sector) will ease fears that the US is headed for a recession.  That type of jobs growth, and the stronger than expected, service sector ISM earlier this week, are not consistent with a...

Swiss Franc The Euro has fallen by 0.15% to 1.1475 CHF. EUR/CHF and USD/CHF, August 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There are some chunky option strikes that could come into play today. There are 920 mln euros struck at $1.1850 that expire today. There are A$523 mln struck at $0.7950 expiring today. There are $680 mln struck at CAD1.2550 that will be...

Summary: Poor jobs growth won’t challenge June hike expectations but September and balance sheet. Little positive in today’s report. Drop in unemployment explained by drop in participation rate. Trade deficit was larger than expected, which may point to slower Q2 growth. United States Unemployment Rate The US unemployment rate unexpectedly fell to 4.3%, a new multi-year low, but it is a misleading optic for...

Swiss Franc The euro has depreciated by 0.24% to 1.0868 CHF. EUR/CHF - Euro Swiss Franc, June 02(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The foreign exchange market is becalmed, leaving the US dollar narrowly mixed.  The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning.  The news stream is light.  The US withdrawal from the Paris Accord...

The US created 211k net new jobs in April, a sharp bounce back from the downwardly revised 79k gain in March.  It is the third month this year that the US created more than 200k new jobs. United States Nonfarm payrolls Government payrolls increased by 17k.  As we noted with the Administration’s federal hiring freeze, the real growth in government employment is on the state and local level.  In April the federal...