What to expect from the August payrolls: 5 focal points
Half an hour later in the US Department of Labor report released
about jobs in August. this figure
markets always look forward, but
today it riveted attention.
Now, when it is not yet completely ruled out
the possibility of raising interest rates
US Federal Reserve later this month, payrolls
can be a decisive factor in
choice of this or that decision. economists
interviewed by The Wall Street Journal,
It expects that the labor market is rooted in
August, 220 000 jobs, and the level
rate fell to 5.2% from 5.3%.
There are five
focal points of today’s release
I mean the Federal Reserve?
Fed in July, saying that waiting for “some”
further strengthening of the labor market,
before you raise. but how
great to have it gain to
qualify as the most
“Some”? During this year
Employers on average add on
Labor market 211 000 jobs a month,
and the unemployment rate is reduced by 0.4 percentage
points. Could so many new
jobs give managers the Fed
confidence in the labor market before the decisive
meeting September 16 – 17?
Releases job growth in August
usually relatively low in recent years,
but later revised to the side
increase. If Friday’s data will be
lower than expected, do not need to panic –
quite possible subsequent adjustments.
increase in wages
that wages grow slowly,
despite the consistent increase
the number of jobs. In the report,
July growth of hourly employees pay
He slowed down in annual terms: Salary
It increased by 1.84%, and in May – 2%. today
report may hint at whether
This one-off effect of slowing down or
It means the beginning of a stable decline.
employees in the workplace
who lost their jobs during the
recession, still trying to come back. AT
July, 62.6% of them either work or
We are looking for a job. This is the lowest level
since 1977. Some part of them came
retired or had children, but overall,
it is clear that many people are still
are left out of the labor market.
industry has suffered this summer
from lower oil prices. Data
The Ministry of Labor showed a net
loss of 7700 jobs in the oil and gas
the industry in October. Likely to be
more cuts before
Oil industry stabilizes.
But low energy prices
benefited from other sectors –
manufacturing and construction, where
the number of jobs increased in July.
Remained whether this trend in August, we will know in half an hour.
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