Sturdy U.S. jobs report seen, could keep June rate hike on table | Forex Factory

  • Sturdy U.S. jobs report seen, could keep June rate hike on table

    From reuters.com

    U.S. employment likely rose strongly in February with the jobless rate slipping, signs that could encourage the Federal Reserve to consider hiking interest rates in June. A Reuters survey of economists forecast a 240,000 increase in nonfarm payrolls after a 257,000 gain in January. That would mark the 12th straight month of job increases above 200,000, the longest such run since 1994. "The jobs picture remains extraordinary healthy," said Jacob Oubina, an economist at RBC Capital Markets in New York. The jobless rate was forecast to fall one-tenth of a percentage point to 5.6 percent, while average hourly earnings ... (full story)

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Hareii
Mar 6, 2015 1:44am
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The job gain over the last 36 months is better than the 36 months period just before 2009 crisis. However, unemployment rate over the last 36 months is above 5% compared to below 5% during the 36 months period pre-2009. With the wall street indices breaching historical high, but the main street feel does not speak of the economic vibrancy experienced pre-2009. So, is this real recovery?
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irongoose
Mar 6, 2015 2:48am
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Quoting Fx-Baron
Raise rates why?????. The Data is so skewed. If the US economy was so great they would have raised rates already. They are just juggling the stock market and currency market, it's all smoke and mirrors BS.
That's what economic data is for, to move the markets. Everyone knows that the jobless rates are nowhere near 5.6% and are realistically double or triple that! But as investors we just need to focus on the game and not worry about reality.
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Fx-Baron
Mar 6, 2015 2:02am
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Raise rates why?????. The Data is so skewed. If the US economy was so great they would have raised rates already. They are just juggling the stock market and currency market, it's all smoke and mirrors BS.
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Fx-Baron
Mar 6, 2015 7:00am
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Quoting irongoose
That's what economic data is for, to move the markets. Everyone knows that the jobless rates are nowhere near 5.6% and are realistically double or triple that! But as investors we just need to focus on the game and not worry about reality.
No, not everyone knows that the jobless rates are skewed. And a lot of people really think that we are in a full blown recovery, just listen to CNBC, Bloomberg, the stock market, ect. So the Government prints a ton of monopoly money, skews economic data. The people invest in the stock market, it crashes at some point, the people lose there money and get to pay back all the debt the Government ran up printing monopoly money, through inflation and taxes. You don't have to be a rocket scientist to understand how bad this is going to end. And People also think that a global economy is good for the US?? I guess they never heard of the "Pareto Optimum" Basic Economics 101. Ex. Steel industry, Auto industry ect. And who is buying all these US goods and services with the USD at multi year highs?? Greece??
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Trader#A7FC
Mar 6, 2015 9:12am
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Fx-Baron, the US Steel industry is extremely strong. Our auto industry has gone from selling less than 10mm vehicles annually in 2009 to well over 16mm today and continues to rise. We have so much inovation taking place in this country that it is amazing. Did you know that the US manufactured a larger percentage of the world goods last year than we have in our country's history? The challange for many Americans though, is that we are manufacturing with less workers than we did 30 years ago. Robots don't need benefits. With that said though, we currently have 5.4mm help wanted ads in the US with most of those being jobs paying over $35 per hour on average. As far as smoke an mirrors, the Fed balance sheet is obscene and needs to be reduced but, that money is not what is driving the economy. The banks have not even lent it out. It is sitting in surplus reserves. If you truly understand Econ. 101, read the numbers for your proof.
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