Back
9 Jun 2014
US labour market keeps improving - BTMU
FXStreet (Barcelona) - In light of the recent Payrolls numbers, Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, highlighted the solid performance of the US labour market.
Key Quotes
"The ongoing improvement in global investor risk sentiment has been encouraged further by the release of another solid US employment report for May although crucially it was not strong enough to materially bring forward investor expectations for Fed monetary tightening. The report revealed that the US economy added 217k jobs in May."
"It was the fourth consecutive month in which the US economy has added over 200k jobs with monthly employment growth averaging 214k jobs/month so far in 2014. The drop in the unemployment rate by 0.4 percentage points to 6.3% so far in 2014 also appears genuine driven by solid employment growth. US yields rose modestly after the release of the report offering only limited support for the US dollar."
Key Quotes
"The ongoing improvement in global investor risk sentiment has been encouraged further by the release of another solid US employment report for May although crucially it was not strong enough to materially bring forward investor expectations for Fed monetary tightening. The report revealed that the US economy added 217k jobs in May."
"It was the fourth consecutive month in which the US economy has added over 200k jobs with monthly employment growth averaging 214k jobs/month so far in 2014. The drop in the unemployment rate by 0.4 percentage points to 6.3% so far in 2014 also appears genuine driven by solid employment growth. US yields rose modestly after the release of the report offering only limited support for the US dollar."