US Wages Rise At Fastest Pace Since GFC with Unemployment at 18 Year Low

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  • #18041
    TradersCom
    Keymaster

    U.S. August non farm payrolls were higher at…

    [article]1047[/article]

    #18044
    Truman
    Participant

    Fed’s Mester speaking in Boston after NFP

    ‘Pretty strong’ jobs report supports continued gradual hikes
    Policy rate should be gradually moving towards neutral
    Trump comments won’t sway Fed focus on its mandate
    Expects inflation ‘sustainably’ at 2% by end of 2018

    #18054
    MoneyNeverSleeps
    Participant

    Dallas Fed’s Kaplan:

    Unemployment rate will probably go lower than current 3.9%
    Dallas Fed forecast for GDP growth this year is 3.0%
    Fed is meeting inflation target
    Fiscal stimulus at its height this year, to fade in 2019
    Expect GDP growth to slow to 1.75% to 2.0% in 2020 or 2021

    #18116
    TradersCom
    Keymaster

    [b]US Fed July JOLTS job openings 6939K breaking record 6840K set in April
    [/b]
    Much higher than 6675K expected
    Prior 6662K (revised to 6822K)
    Hires 5679K vs 5677K prior
    Separations 5534K vs 5514K prior
    Quits 3583K vs 3477K prior
    Layoffs 1602K vs 1652K prior

    #18143
    TradersCom
    Keymaster

    US initial jobless claims for Sept 8th week 204K vs. 210K est.
    Initial claims are at the lowest level since December 6, 1969 when it was 202,000.
    Prior week 203K revised to 205K

    Continuing claims 1696K vs 1710K est.
    Four-week average 208K versus 210K in the prior week. This is the lowest level for this average since December 6, 1969 when it was 204,500.

    The largest increases in initial claims for the week ending September 1 were in
    Indiana (+992), Hawaii (+839), Washington (+638), Illinois (+559), and Ohio (+409),

    The largest decreases were in
    Michigan (-1,415), New York (-894), Florida (-668), Texas (-655), and Connecticut (-333)

    #18151
    ThePitBoss
    Participant

    Atlanta Fed President Bostic:

    Rate increases can continue for a handful of quarters
    Near full employment, no sign of inflation.
    Takeoff means gradual pace of hikes still appropriate

    #18237
    TradersCom
    Keymaster

    US initial jobless claims fell to 201K vs 204K last week and lowest since November 15, 1969

    The 4- week average fell to 205.75 from 208K last week. The lowest since December 6, 1969
    Continuing claims fell to 1.645M vs 1.705M est. Prior week 1.700M vs 1.696M previous released. This is the lowest since August 4, 1973.

    The largest increases in initial claims for the week ending September 8 were in
    Iowa (+648), Wisconsin (+643), Kansas (+573), Michigan (+398), and Nebraska (+302),

    The largest decreases were in
    California (-4,065), New York (-3,765), Pennsylvania (-948), Indiana (-812), and Washington (-623).

    #18351
    TradersCom
    Keymaster

    US initial jobless claims 214K vs. 210K expected
    4-week moving average was 206,250, previous week’s average revised up by 250 from 205,750 to 206,000.

    Continuing claims 1661K vs. 1678K expected
    4-week moving average was 1,679,250, a decrease of 12,250 from the previous week’s unrevised average of 1,691,500. This is the lowest level for this average since November 10, 1973 when it was 1,673,000.

    The largest increases in initial claims for the week ending September 15 were in:
    California (+2,070), Georgia (+1,595), New Jersey (+1,488), Texas (+1,019), and Oregon (+693),

    The largest decreases were in:
    Illinois (-794), Iowa (-699), Kansas (-579), Wisconsin (-360), and Nevada (-333)

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