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Showing 1 - 10 of 161 results for "Payrolls Report"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... of purchases under the government bond purchase program in September." In the US, the much-anticipated non-farm payrolls report was released at the end of the week. US businesses hired a total of 850,000 workers in June following a 583,000 gain in the ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... growth to return to full employment in the next few years." Madam Yellen's is backed by the latest US non-farm payrolls report that showed the economy added 49,000 jobs in January -- lower than market expectations for a 50,000 increase and followed the ...

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
This US stock market rally is brought to you by the letter V. The much better than expected US non-farm payrolls report sent Wall Street on the up and up - the S&P 500 gained 2.6% on the day (4.9% on the week); the DJIA rose by 3.2% (6.8%); the Nasdaq ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... over the month. "let it snow, let it snow, let it snow". Yes Virginia, it's snowing jobs. The US non-farm payrolls report showed that the economy added 266,000 jobs in November - well above expectations for a gain of 175,000 and the most since January ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... 25 bps at its July FOMC meeting rather than 50 bps (prompted by the sharply stronger than expected US non-farm payrolls report for June) sent the US dollar index higher even higher to 97.4890. While Trump only nominated China and Europe in his "currency ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
If it were posted on Facebook, Wall Street would have "unliked" the strong US non-farm payrolls report for June - up a bigger-than-expected 224,000 from 72,000 in May. Meanwhile, the unemployment rate ticked up to 3.7% from 3.6% in May, remains near ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
The strong US non-farm payrolls report - employment grew by 224,000 in June, beating expectations for a 160,000 gain and a sharp rebound from the 72,000 added in the previous month - failed to remove or even reduce the odds for a Fed rate cut this month. ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... longer-run normal rate of unemployment ranged from 4-4.6% and had a median value of 4.3%." The latest US non-farm payrolls report put the unemployment rate at 3.8% in March - the 19th straight month that the jobless rate had been below the "median value ...

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
... in the final month of December? Not only this, these odds were tabulated after the release of the US non-farm payrolls report that showed a strong surge in employment and correspondingly rising wages. US employment increased by 250,000 in October after ...

Chief economist update: That other Fed policy towards normalcy

BENJAMIN ONG  |  THURSDAY, 4 OCT 2018
... strength with another 230,000 gained in September. This provides a positive lead to Friday night's non-farm payrolls report for September where the unemployment rate is expected to remain at 3.9% (just a tick above the 18-year of 3.8% recorded in ...
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