Enter signature
-
NFP – Reactions in Gold and Silver Reflect QE3 Expectation
The first Friday of every month is the day for the previous month’s Job data in the US (expect some times when the first is Friday). The 9/7 NFP release for August showed that 96,000 jobs were added in the month, which was down from July’s 141,000 (revised down fro 163,000). The 96K also missed forecasts of 123K. The unemployment rate dropped from 8.3% to 8.1%, though when you break down the numbers, a big factor of this is due to lower participation rate – the 368K that left the workforce. Factory employment was hit the hardest shedding 15,000 jobs. This is not dismal, but still poor data that weighs on the US ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited 11:12am Sep 7, 2012 10:58am | Edited 11:12am
- HeavenDiablo
- | Joined Jun 2012 | Status: Dex | 11 Comments
- Comment #2
- Quote
- Sep 7, 2012 11:37am Sep 7, 2012 11:37am
- Greener
- | Joined Jan 2010 | Status: Member | 667 Comments
- Comment #3
- Quote
- Sep 7, 2012 12:21pm Sep 7, 2012 12:21pm
- Gold-god
- | Joined Aug 2012 | Status: Member | 307 Comments
- Comment #4
- Quote
- Sep 7, 2012 12:29pm Sep 7, 2012 12:29pm
- billv
- Joined Dec 2011 | Status: Member | 1068 Comments
Have a nice day