1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Strong data, no ifs or buts - Socgen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Guatemala) - Kit Juckes, economist at Societe Generale, noted the strong Nonfarm Payrolls data and unraveled the key information.

    Key Quotes:

    October delivered a 271k increase in US non-farm payrolls, with a net 12k increase in the previous two months' data; and a 320k increase in household employment which drove the unemployment rate down to 5%.

    The participation rate, for once, stayed still at 62.4%. This drags the 3-month average payroll gain back up to 187k and the six month to 215k, close to the 3-year average of 223k.

    Annual employment growth comes is at just over 2% now, enough to propel the economy forwards at a annualised rate of rate of ‘2-point-something'. Indeed, if you can reach your lilac-shaded glasses, 2.5% wage growth with headline CPI stagnant surely does something for spending even if Americans are much less spendthrift than they were.
    For more information, read our latest forex news.
     

Share This Page