US Added Lowest New Jobs In 12 Months in December with Just 199,000 But Wages Higher

US in December added 199k non-farm payrolls jobs, less than forecasted 450k. November previous 210K revised to +249K. Wages increased more than expected and the jobless rate fell to the lowest since February 2020 to 3.9%. US Average Hourly Earnings (M/M) rose 0.6%. Change in private payrolls +211K Change in manufacturing payrolls +26K December 2021 U.S. Employment Report The Covid-19 virus again threatens the global economy again.  Is this Deja vu? As the world’s economy was shut down and much … Continue reading “US Added Lowest New Jobs In 12 Months in December with Just 199,000 But Wages Higher”

US Added Lowest New Jobs In 11 Months in November With Just 235,000

US in November added 235k non-farm payrolls jobs, less than forecasted 536k. October previous 531K revised to +604K. Unemployment rate fell to 4.2%. US Average Hourly Earnings (M/M) rose 0.3% Change in private payrolls +235K Change in manufacturing payrolls +31K November 2021 U.S. Employment Report The Covid-19 virus again threatens the global economy again.  Is this Deja vu? As the world’s economy was shut down and much of America had stay at home orders the threat of Oricon is causing … Continue reading “US Added Lowest New Jobs In 11 Months in November With Just 235,000”

ADP Reports US Added 534K Jobs In November With Service Sector Adding 424K

Private payroll company ADP reported that US jobs grew 534,000 in November. The US Labor Department will report It’s jobs report on Friday. October added downwardly revised 570K increase with market expectations Adding 525K. ADP US November 2021 Employment Report ADP report private businesses in the United States hired 534 thousand workers in November 2021, compared with a downwardly revised 570 thousand increase in October and beating market expectations of a 525 thousand rise, as the labor market continued to … Continue reading “ADP Reports US Added 534K Jobs In November With Service Sector Adding 424K”

Australian Economy Shrank Less Than Expected in Q3

Australia’s GDP shrank -1.9% q/q in Q3, less than market expectations of a 2.7% decline and after 0.7% growth in Q2. This was the first contraction in the economy since Q2 2020 with the damage done from lengthy lockdowns across New South Wales, Victoria, and the Australia Capital Territory due to Covid-19.  Australian Gross Domestic Product (GDP) fell 1.9 per cent in seasonally adjusted chain volume terms in the September quarter 2021 and was up 3.9 per cent through the … Continue reading “Australian Economy Shrank Less Than Expected in Q3”

Australia Placed Well for Recovery says Goldman Sachs

Andrew Boak Goldman Sachs’ Chief Economist for Australia & New Zealand is out with a note positive on Australia’s economic recovery. He said he believed Australia in a good position for recovery extending into the end of this year and next. With the RBA focusing on wages he said he saw slow grinds expected for wage growth and inflation. Goldman noted that to see wage increases, full employment is a critical issue. The wages analysis is in line with Governor … Continue reading “Australia Placed Well for Recovery says Goldman Sachs”

US Added 531,000 Jobs in October With Lower Unemployment Rate as Participation Slips Again

US in October added 531k non-farm payrolls jobs more than forecasted 425k. September prev 1945K (revised to +312K). Unemployment rate fell to 4.7%. US Average Hourly Earnings (M/M) rose 0.4% Change in private payrolls +604K Change in manufacturing payrolls +60K

Federal Reserve Beige Book Highlights Positive Growth in Consumer Spending

The Federal Reserve released it’s Biege Book Wednesday with the focus on growth in consumer spending. Most Districts reported significantly elevated prices, fueled by rising demand for goods and raw materials.

US Added Just 194,000 Jobs in September With Lower Unemployment Rate as Participation Slips

US in September added just 194k non-farm payrolls jobs less than forecasted 500k. August prev 235K (revised to +366K). Unemployment rate fell to 4.8%. US Average Hourly Earnings (M/M) rose 0.6% as wages pick not encouraging for the transitory argument

US added 943,000 Jobs in July as Unemployment Fell to 5.4% As Many Benefits Were Discontinued

US in July added 943K non-farm payrolls jobs more than forecasted 850k as private payrolls added jobs. 703K June prev 850k was revised to 938k. Unemployment rate fell to 5.4% from 5.7%. US Average Hourly Earnings (M/M) rose to 0.4%.