Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

U S Economy Adds 110,000 Jobs

Recommended Posts

http://uk.reuters.com/article/businessNews...05?rpc=401&

U.S. adds 110,000 jobs in September

Fri Oct 5, 2007 3:04pm BST

By Glenn Somerville
WASHINGTON (Reuters) - U.S. employers added 110,000 new jobs in September and hiring in the two previous months was revised up strongly, the government said on Friday in a report showing a more resilient labour market than previously thought.
The surprisingly robust report on monthly hiring outside the farm sector sent bond prices higher and stock futures soaring as investors bet it reduced chances for more cuts in official interest rates by the Federal Reserve any time soon.
The unemployment rate edged up to 4.7 percent from 4.6 percent in August and was the highest since 4.8 percent in July 2006 as the size of the labour force increased.

The "low dollar" policy being pursued by the US may be paying off and recession averted?

Share this post


Link to post
Share on other sites

http://money.cnn.com/2007/10/04/news/econo...sion=2007100408

317,000 applied for unemployment benefits

October 4 2007: 8:59 AM EDT

Unemployment claims soar

Federal government says 317,000 applied for unemployment benefits in most recent week, a potential sign that labor market is slowing due to housing slump.

The "low dollar" policy being pursued by the US may not be paying off and recession not averted?

Edited by enrieb

Share this post


Link to post
Share on other sites

So no more rate reductions in the US in the near future then, my guess is the next move will be up again, same as in the UK where we will see 6% rates due to inflation increasing again.

Share this post


Link to post
Share on other sites

http://www.reuters.com/article/ousiv/idUSN0239220520071004

August factory orders fall, jobless claims rise

Thu Oct 4, 2007 4:26pm EDT

By Mark Felsenthal
WASHINGTON (Reuters) - New orders at U.S. factories fell more than expected in August and jobless claims climbed last week, government reports showed on Thursday, but markets awaited Friday's employment report before drawing conclusions about the direction of the economy.

Share this post


Link to post
Share on other sites

Its all seasonally adjusted- its 22C here (seasonalyy adjusted) in fact its always 22C here

Share this post


Link to post
Share on other sites

Given that the revision of August's figures was upwards by 93,000 it suggests that the initial monthly figures should have a large error bar attached to them!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.