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This Day in Econ History
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The US dollar firmed in thin Asian turnover, but now is slightly lower against most currencies as US traders return to their posts. Many centers remain closed and participation is light. The disappointing US jobs data at the end of last week and the implications for Fed policy are the main talking points. New York Fed President Dudley speaks today.
We would be surprised if it puts much weight on last week's report. High frequency economic data is notoriously volatile. After a near-record streak of 200k+ jobs a month, one miss and other evidence like weekly and continuing jobless claims, show no break.
Head of Global Currency Strategy at Brown Brothers Harriman. |
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The U.S. labor market is getting weaker, with less new jobs for unemployed Americans.
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According to a recent report issued by the Central Statistics Office (CSO) and reported by DW.de, Ireland has logged the fastest rate of growth of all of the 28 European Union member countries. The growth appears to reflect strong surges in both exports and domestic demand. Read More
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The March job numbers mark the lowest job surplus since December of 2013. The report is below analyst expectations of at least 244,000, and the energy industry cut 11,000 jobs for March. So far, the energy industry has lost 30,000 jobs in 2015. Read More
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| The Chicago Economics Department was in
intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly. - George Stigler | |
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