Today the US announced an increase of 2.2 million jobs. This is the highest rate since 1999. Another 2.1 million jobs are projected for the coming year. Interesting to see how this might influence interest rates in the US and ultimately here in OZ.
Cheers,
Gatsby.The report is being looked at in two different lights. First, traders want to see that the economy is growing and that jobs are being added. A stronger jobs market creates a stronger economy, adding to spending and the overall GDP. The other issue is the Fed, which recently hurt stocks after the release of the FOMC minutes from December. The FOMC is likely to take out the phrase “measured pace†in the next meeting and this is a prelude to more aggressive rate hikes. Today’s data did little to change the Fed view, though it does provide data that wage pressures are light and the economy doesn’t seem to be overheating.Hi Gatsby,
Here’s an extract from an article regarding your post.
Who took my MONEY[?]
Positive, is there a graph for that?
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdDon’t forget that this comes off three years of negative job growth, so this is only the start of the climb back from a jobs perspective.
The LA Times article “Jobs Growth in 2004 Best Since 1999, 8/1/2005, also pinpoint limited or no wage pressures and a declining participation rate which tend to suggest there is still considerable under employment of resources in the US economy.
From those limited facts, I would see little to encourage our exporters of an increased demand for our products in North America. However, if the recent increase in the US dollar can be maintained (and conversely a reduction in the $A), this may give some needed respite to our export sector.
James
Originally posted by The Mortgage Adviser:Positive, is there a graph for that?
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdYes. I think you can find it on BigCharts.
Who took my MONEY[?]
But how do you graph consumer sentiment? What about recent occurrences such as a disaster? Surely your 10s of thousands of dollar graph programs account for all these variables????
Maybe you just ask someone!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdConsumer Confidence
The Conference Board maintains this index of consumer sentiment based on monthly interviews with 5,000 households. After hitting historical highs last summer, the index has been falling.Or here at:
http://www.ecom.unimelb.edu.au/iaesrwww/miesi/csi.htmlFailing that… we should all probably ask you!
Who took my MONEY[?]
I am talking about recent events Positive. Not one month old statistical data corrupted by those needing to manipulate things in their favour.
In any case, it seems that all those posters I have a problem with in this forum come from Aussie Stock Forums. Your little share club is nothing more than childish. Seeing I can not tell you exactly what I think in this forum, I might just have to pay a visit over there and have some fun with multiple usernames, IP addresses, flooding, etc.
HANG ON, I have better things to do!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
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