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Labor Market ConditionsTitle:
The US initial jobless claims could have plunged faintly
Similar to yesterday, further labor data will be released today ahead of tomorrow's awaited jobs report and will most probably show that the country's jobless claims fell slightly last week yet the overall current labor conditions of the superpower remain far from a full revival and therefore continue on postponing the superpower's recovery and limit overall sectors activities enhancement.
In fact even if today's jobless claims show a cheerful slight decline the overall labor portrait remains obscure having in mind that the last time as well we had jobless benefits fell last week to a four-month low mainly as most of the companies have slowed actually the pace of firings although they remain discouraged to hire new employees, still labor conditions remain weak and are far from a full ...
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Less than expected workers were added in the U.S private sector…
Unexpectedly ahead of tomorrow's jobs report the ADP Employment change of this month showed gloomily that only 170 thousand workers were added throughout the superpowers private sector, a clear sign that the ongoing unending deterioration of the labor market remains far from a full recovery and continues accordingly on postponing a full revival of the country's economic health and on limiting overall sectors enhancement.
In fact the employment within the world's leading economy increased only by 170 thousand workers this month, which is much worse than the market forecast of an add of 182 thousand and a prior much higher and better add of 325 thousand employees tracked in December, confirming that the enhancement of the labor market is undergoing very slowly and actually its healing is ...
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This month US manufacturing conditions could have gained further momentum
It is obvious that so far the major pillar supporting the superpower's growth and revival throughout the local and global toughened economic conditions consist of the overall gradual enhancement and expansion of business conditions as already witnessed this past period and projected more than once by the Federal Reserve to also most probably watch the manufacturing activities of this month gain further momentum.
In fact later on today the Ism manufacturing for January, which as we know is a composite diffusion index regarding manufacturing conditions across the United States, could have expanded at a faster pace of 54.5 from 53.9 as there is constant enhanced demand and factory production with companies like Caterpillar Inc. requiring more equipment drives orders and more car sales seen ...
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Small business hiring slows, wages dip in January
(Reuters) - Small business payrolls grew at a slower rate in January and wages fell, an independent survey showed on Monday, suggesting the pace of overall job growth moderated after December's sturdy gain.
Small businesses added 50,000 jobs, payrolls processing firm Intuit said, compared with a gain of 60,000 in December. Still, labor market conditions continue to improve.
"Overall the small business labor market is not weak, but not strong either," said Susan Woodward, the economist who developed the survey. "Small business employment continues to rise but at a rate that will not get us back to full employment very quickly."
The government's more comprehensive employment report due on Friday is expected to show nonfarm payrolls increased 150,000 in January, according to a Reuters ...
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Jobs Report Will Wrap Up A Wild Week For The World's Largest Economy
With the year's first trading month nearly capped, U.S investors are growing eager to watch the latest updates of employment and manufacturing conditions for current the month, which will probably mirror the gradual improvement in the superpower.
First up next week, the U.S Department of Commerce may show that personal income grew last month, alongside personal outlays which may rise modestly in December amid the ongoing economical hurdles that continue to limit a gradual expansion heading into 2012.
Last week, the world's largest economy was reported to expand at a slower than forecasted pace in the last quarter of 2011, nonetheless, consumer confidence is definitely heading to the upside, initially with the Federal Reserve's testimony that soothed the markets.
The Fed extended its ...
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Weekly Economic and Financial Commentary : 29/01/2012
Weekly Economic and Financial Commentary : 29/01/2012
U.S. Review
Less Strength Than Meets The Eye
Real GDP grew at a 2.8 percent annualized rate during the fourth quarter, but the underlying data show the economy has less momentum going into 2012.
Durable goods orders and shipments rebounded solidly in December, casting some doubt on the earlier weak readings and bringing the data more closely in line with anecdotal reports and regional manufacturing surveys.
Expectations for a housing rebound may have gotten a little ahead of themselves. New home sales fell slightly in December, and sales remain stuck near their average for the past 8 months.
A Little Less Strength than Meets the Eye
Real GDP grew at a 2.8 percent annualized rate during the fourth quarter. Growth was ...
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Focus in Asia this week on Japan’s unemployment and China’s manufacturing
The last week in January provided significant economic data from the Asian region that will continue influencing the region’s financial markets. The critical data this week includes Japan’s labor report along with the Chinese PMI with also the U.S. infamous jobs report on queue this week that will add to the volatility.
The Japanese unemployment rates has recently seen some stability and it’s expected to remain steady 4.5% in December, indicating the calm economic conditions that the economy is currently experiencing after the devastating earthquake that destroyed a huge part of Japan over the past year.
On the other side, the speculation are for an obvious improvement in household spending which is expected to decline by -0.2% in December compared with the prior month’s drop 3.2%, as ...
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Another busy and mixed week for the superpower
Similar to last week, this week had several mixed data released which created accordingly a mixed present economic portrait regarding the world's leading economy health heading through a new year, yet the revival of the country is on the right track but requires longer time than expected to watch jobless levels truly ease and consumption climb strongly, validating this week's Federal Reserve's decision to keep interest low for a longer period.
In fact this week we had the Federal Open Market Committee's two-day meeting complete give us their rate decision which actually consisted of keeping Federal Fund target interest rates intact, as expected by the markets, at its historical low of 0.00 percent to 0.25 percent, and asserting once again the country's economic momentum during this past ...
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Durable goods data points to economic momentum
(Reuters) - New orders for manufactured goods rose in December and a gauge of future business investment rebounded, showing the economy ended the year with more momentum than previously thought.
Other reports on Thursday showed new claims for jobless benefits rose moderately last week, suggesting the labor market was healing only slowly, while new U.S. single-family home sales unexpectedly fell in December.
The Commerce Department said orders for durable goods climbed 3.0 percent last month, boosted by a surge in aircraft orders. Economists had forecast orders rising 2.0 percent.
"There's some momentum here," said Jacob Oubina, an economist at RBC Capital Markets in New York. "Heading into the first quarter, the momentum is going to be pretty decent."
Durable goods range from toasters ...
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