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Underscored The Labor MarketTitle:
Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
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Dollar gains on jobs data, but equities retreat
Data showing strong growth in the U.S. labor market and the lowest jobless rate in almost three year lifted the U.S. dollar on Friday, but oil prices fell and equities stalled as the upbeat figures failed to ignite investors.
The Labor Department report showing a fall in the unemployment rate to 8.5 percent, from a revised 8.7 percent in November, offered the strongest evidence yet of an accelerating U.S. economy.
The euro hit an almost 16-month low against the dollar as the data underscored ...
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Euro sinks as sovereign debt, bank worries weigh
The euro tumbled to its lowest level against the dollar in more than a year and hit an 11-year trough versus the yen on Thursday as investors worried about the ability of euro zone economies and banks to raise funding.
The dollar was also buoyed by data showing U.S. private sector hiring surged in December and that claims for unemployment benefits fell further. The reports highlighted a growing disparity between the U.S. economy and Europe, which many analysts say is either in or near a ...
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Euro slumps on persistent sovereign funding concerns
The euro slumped to its lowest level against the dollar since September 2010 and hit an 11-year low versus the yen on Thursday on concerns about euro zone sovereign funding and signs of weakness in the region's banks.
A report showing U.S. private employers added 325,000 jobs in December, more than double economists' expectations, added to the dollar's strength versus the euro as investors compared the U.S. economic recovery with a weak outlook for Europe.
Hedge funds and macro funds shunned ...
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Consumer spending rises, weak incomes a worry
(Reuters) - Sluggish income growth led U.S. households to cut back on saving in September to raise their spending, showing the economy's recovery remains fragile.
Consumer spending increased 0.6 percent, the Commerce Department said on Friday, after a 0.2 percent gain in August. However, incomes edged up only 0.1 percent after a 0.1 percent August drop.
The solid increase in consumer spending -- which accounts for about 70 percent of U.S. economic activity -- lends momentum to fourth-quarter ...
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Factory, jobs data offer hope for economy
(Reuters) - Factory activity in the U.S. Mid-Atlantic region rebounded in October and the number of Americans claiming new jobless benefits fell last week in fresh signs that the economy was likely to duck a new recession.
Optimism over the economy was tempered, however, by other data on Thursday showing a drop in sales of previously owned homes and only a small rise in a gauge of future growth.
"The numbers we have seen today provide some hints that the domestic economy is doing a little bit ...
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The Fed's Beige Book Affirms The U.S Economy Have Maintained Growth
The Fed's Beige Book Affirms The U.S Economy Have Maintained Growth, But With More Doubts Over The Outlook
The Federal Reserve System released the Beige Book today to show economic conditions around twelve Federal Districts and overall economic activity continued to expand in September, despite that many Districts saw modest or slight growth besides for weaker or less clear outlooks for business conditions.
The Beige Book underscored that economy maintained growth in the past period, but still ...
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Wall Street stocks slide as Spain, Italy downgraded
Stocks declined on Friday after downgrades of Spain's and Italy's credit ratings underscored worries about the European debt crisis, overshadowing better-than-expected U.S. jobs data.
The downgrades by Fitch came prior to a European summit on Sunday that is aimed at shoring up the region's financial sector.
Stocks are set to end the week higher, with the S&P 500 on track for a gain of about 2 percent. The index is still down about 15 percent since its late-April high.
U.S. stocks gained this ...
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Factory, jobs data temper recession fears
(Reuters) - Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week despite a slump in confidence that threatened to push the economy back into recession.
Other data on Thursday showed little signs of consumers hunkering down in response to the collapse in confidence. Major automakers posted sturdy gains in domestic sales in August from a year ago and consumers shopped for an array of goods last week.
The reports were the latest in a series to ...
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