Day: October 7, 2016

US Jobs Data Disappoints, but Still Strong Enough to Keep Risks of a Dec Move on Rates

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The US grew 156k jobs in August, missing the median estimate by about 16k.  The July series was revised up by 16k.  The unemployment and participate rate ticked up 0.1% to 5.0% and 62.9% respectively.    Hourly earnings rose 0.2% to lift the year-over-year rate to 2.6% from 2.4%.  The average work week increased to 34.4  …

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Sterling Stabilizes After Harrowing Drop, Now Jobs

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Sterling again steals the limelight.  In early Asia, sterling inexplicably dropped nearly eight cents in minutes (to ~$1840), and on some platforms, may have traded below $1.1380.  It almost immediately rebounded but has not resurfaced above $1.2480.   Over the last couple of years, there have been a number of sudden dramatic moves in the foreign …

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