Realistbear Posted October 5, 2007 Share Posted October 5, 2007 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? Quote Link to comment Share on other sites More sharing options...
enrieb Posted October 5, 2007 Share Posted October 5, 2007 (edited) 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 October 5, 2007 by enrieb Quote Link to comment Share on other sites More sharing options...
The Eagle Posted October 5, 2007 Share Posted October 5, 2007 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. Quote Link to comment Share on other sites More sharing options...
enrieb Posted October 5, 2007 Share Posted October 5, 2007 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. Quote Link to comment Share on other sites More sharing options...
godless Posted October 5, 2007 Share Posted October 5, 2007 Think we should wait for it to revised down Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 5, 2007 Share Posted October 5, 2007 Its all seasonally adjusted- its 22C here (seasonalyy adjusted) in fact its always 22C here Quote Link to comment Share on other sites More sharing options...
Wlad Posted October 5, 2007 Share Posted October 5, 2007 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! Quote Link to comment Share on other sites More sharing options...
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