Friday, December 2, 2016

Unemployment Use to the lowest levels in nine years – The Sun 24 Hours

NEW YORK – Other than the thousand – or, better, 800 to a bank account the more precise jobs, that the next us president, Donald Trump has saved in Indiana. The american occupation salutes the outgoing President, Barack Obama, in his second last month at the White House, adding to November 178.000 loans, pushing the rate of decline to 4.6%, the lowest level since the last nine years, to be exact, since August 2007. Analysts on average had expected with accuracy the new posts, not so the decline in unemployment that was expected to 4.9 percent. The wages of the workers are at the same time increased by 2.5% on an annual basis, braking compared to 2.8% in October but had represented the surge is more significant in fees since 2009.

THE DECLINE OF the UNEMPLOYED USA
the Rate of unemployment, % of labour force (Source: Labour Department)

The performance of the labour market was greeted without surprise by the financial markets, where in the instant it is pushed into the modest rise in the dollar. Indeed, they were substantially confirmed by the data of the forecast of a grasp on the interest rates at a summit in mid-December the Federal Reserve: the futures on the Fed funds give now the 95% probability, against 93% in prevedenza, a rise in the price of money at 0,50-0,75% from the current 0,25-0,50 percent. The questions are, if anything, shifted to the how many times the Fed will act on rates in 2017, if two or three occasions.



Usa, more jobs, and less opportunities

178.000 jobs created last month – driven by an increase of 63,000 employees in the professional services and business – were essentially in line with the average for the 2016, equal to 180,000 payroll per month. An increase in solid even if downsized by almost 230.000 generated every month in 2015.
In the decline in November was the rate enlarged. The so-called U-6, which includes the workers, the marginal and the forced part-time, is dropped to the minimum since April 2008, i.e. before the great recession, stopping to 9.3% from 9.5% in October.

however, it is Not all gold that glitters. The general fall in unemployment was the result of both new hiring that americans discouraged who have given up looking for a job, disappearing from the statistics. The latter in November were a good 400,000. The rate of labour force participation remains historically low, to 62.7%, down from 62,8% in October although improved from 62.5% a year ago.
Revisions to the data of the two previous months have changed slightly the initial surveys: have in total subtracted two thousand jobs once considered a correction to the upside in September and decline in October.

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