MILAN – The US economy created 126,000 jobs in March, below analysts’ expectations: it was from December 2013 that the United States does not created so little new work. This breaks a streak unprecedented long did a year of increases in employment higher than 200 thousand people a month. The unemployment rate remained stable at 5.5%. The data on jobs created in March, below expectations of analysts, betting on 245,000 jobs according to the average drawn from Bloomberg . Also of concern is the fact that the Department of Labor has revised down the data for January and February, when they were created 201,000 and 264,000 jobs compared to 239,000 and 295,000 previously estimated. Returning in March, the private sector has created 129,000 seats, while the public sector has cut 3,000. The participation rate in the labor market fell to 62.7% from 62.8%. The data of the Department of Labor give substance to the concerns of the observers on the recovery of the US economy, thus far vigorous . Lately, however, some surveys were sent out of tune with the recent march of the US and opened some doubt among many enthusiasms. Numbers that probably will make the Fed more cautious in the path of rising interest rates, for which the analysts may think it is appropriate to go to after the summer. “We believe that the Fed, by examining these figures, will be convinced more and more that will be necessary to wait several months before changing course in monetary policy with a rise in interest rates,” says Philip Diodovich by studies of Ig Markets. “We change our expectations, shifting one month the scenario more ‘likely to rise in the cost of money in the country stars and stripes, from September to October.” The markets closed today in most cases for the Easter holidays, will have to wait until next week to digest this news. The reflections are seen however nell’impennata euro: the currency shared squirts above 1.10 on the dollar share touching 1.1012 the highest level since March 6. For Omair Sharif, strategist at Newedge interviewed by Bloomberg, is not the case however do alarms: “The trend of growth has taken a break in March, but I think in the second quarter will be back to see the previous rhythms”. The decline in job creation was broadly based, with some areas that have cut the employed, such as construction or the industry in the supply chain of oil extraction. In terms of wages, those slots have grown on average by 2.1% per annum, in line with expectations. But there were also some changes of direction, as in manufacturing, where we saw the first setback since July 2013.
- Arguments:
- Jobs Use
- US unemployment
- economic crisis
- Economic recovery
- uses
- Starring:
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