Canada saw 212,800 job losses in January, notably worsening the 47,500 expected. In addition, the December data has been revised downwards, reflecting a real loss of 68,200 jobs compared to the 62,600 published a month ago. Today’s is biggest drop registered by the indicator since last April. The Canadian unemployment rate has risen six tenths, […]
Tag: job
Forex Today – Asian Session: Dollar Continues Strengthening Ahead Of Nonfarm Payroll Data
What you need to know on Friday, February 5: The Bank of England attracted most of the market’s attention on Thursday as policy makers cooled hopes for negative rates in the UK in the future. The central bank kept its monetary policy unchanged, and even hinted at slower bond buying. GBP appreciated despite persistent dollar […]
Initial and continued claims for unemployment benefits fall more than expected
The Department of Labor reported that Initial claims for unemployment benefits were 779,000 in the week ended January 30, which represented a 33,000 drop from the previous figure. The market consensus was 830,000. It was the third consecutive week with losses and the lowest figure since late November. Regarding the continued subsidy requestsThese were reduced […]
ADP employment report records increase of 174,000 jobs in January, widely exceeding expectations
The employment report of the ADP’s private sector showed a strong rebound in January, with data above expectations. The change in employment was 174,000, higher than the market consensus of 49,000. In December, there was a 78,000 drop in jobs, a figure that was revised up from -123,000. The data for both January and December […]
NZD / USD returns a significant portion of initial earnings and falls below the 0.7200 level
A combination of factors provides a modest intraday rise to the NZD / USD on Wednesday. A rally in US bond yields benefits the USD and limits any potential rise in the pair. Investors are now turning their attention to the US ISM Services PMI for short-term opportunities. The pair NZD / USD has returned […]
Lowe says monetary support needs to be maintained until people get jobs and higher wages
The Reserve Bank of Australia (RBA) must maintain monetary support until people get jobs and wages go upGovernor Philip Lowe said in a question and answer session after his “Next Year” speech at the National Press Club of Australia conference, Canberra. Additional comments: The tax response has been incredibly important in recovery. Borrow more money […]
Fourth quarter unemployment rate falls to 4.9% versus 5.6% expected
According to Statistics New Zealand’s fourth quarter jobs report, the main unemployment rate fell below the 5.6% forecast and 5.3% in the previous month, reaching 4.9%. Additional details suggest that the change in employment increased beyond the expected figures of 0.0% and previous readings of -0.8% to + 0.6%. Further, the labor cost index rose […]
The unemployment rate remains unchanged at 8.3% in December as expected
The unemployment rate in the euro area was stable in December as expected. The EUR / USD pair continues to push lower and is trading below 1.2100. The seasonally adjusted unemployment rate was unchanged at 8.3% in the eurozone in December, as data published by Eurostat showed on Monday. This reading was in line with […]
Weekly unemployment claims improve expectations and fall to 847,000 in the week of January 22
Weekly claims for unemployment benefits fell to 847,000 in the week of January 22, improving expectations of 875,000 and reaching the lowest figure since the week of January 1. On the negative side, requests for the week of January 15 have been revised upwards, going to 914,000 from the 900,000 published. Initial jobless claims in […]
GBP / USD remains negative near multi-day lows below 1.3650 after UK jobs report
Pessimistic market sentiment benefits the safe-haven USD and puts pressure on GBP / USD. Upbeat UK jobs details do little to impress GBP bulls or provide significant boost. The pair GBP / USD remains under pressure below the 1.3650 level, near multi-day lows, and has had a rather subdued reaction following upbeat UK employment details. […]
