Thursday 22 October 2015

US job data indicate strong economy


The number of Americans who registered in the labor offices for the week ended Oct. 17 is amounted to 259 thousand. The result pleasantly surprised analysts who had predicted an increase to 266 thousand compared to 256 thousand for the previous seven days.
At the same time, the average monthly number of submitted applications for unemployment benefits last month decreased from 265.250 to 263.250. So the indicator, which is considered more reliable than the markets because  temporary is smoothing fluctuations in the data, reached its lowest level since December 1973 onwards.
After a disappointing government employment statistics in September, the US labor market submitted mainly positive signals, preserving hopes that the Federal Reserve may proceed to raise rates before the end of the year.

No comments:

Post a Comment