JULY JOBS RPT HO MUM; WAITING FOR CHINA COUNTERPUNCH
–No Turnaround in Year’s Worsening Trade Deficit Trend –Treasury 10-Year Keeps 1.88% Yield, Cut By New Tariff Threat By Denny Gulino WASHINGTON (MaceNews) – July’s moderate increase in payrolls reported Friday – 164,000 – was balanced by a cutback in hours and no acceleration in sub-par wage growth, headlining a U.S. jobs report overshadowed by […]
PACE OF CANADIAN HIRING SLOWS IN JUNE
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s economy continued to churn out jobs in June, although at a weaker pace than most previous months, while the unemployment rate edged up to 5.5% as more people were looking for work, Statistics Canada said Friday. The jobless rate had been lower in May, at 5.4%, but that followed […]
US JUNE PAYROLLS +224K, CONFOUNDING FORECASTERS AND IMPERILING RATE CUT
By Denny Gulino WASHINGTON (MaceNews) – The carefully wrought July rate-cut scenario is now challenged by the blockbuster 224,000 surprise payrolls total for June, with Friday’s report pitting economic pessimists against prospects for renewed strength for the longest U.S expansion in history. Many forecasters who were confounded by a return to 200,000 plus payrolls growth […]
CANADA JOB GROWTH SLOWS IN MAY; UNEMPLOYMENT FALLS
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy continued to churn out jobs in May, adding 27,700 positions, but that was at a weaker pace than the previous month, as the number of people looking for work declined. The jobless rate declined 0.3 percentage points to 5.4 per cent in May as fewer people […]