U.S. Labor Department on Friday (92) announced that the U.S. non-farm job growth hit 8 11 (20109 years) the worst performance, when it was 2.9 million.
Some analysts said the extremely weak employment data released QE3 enhance the possibility of the Fed, the dollar fell across the board.
data show that eight U.S. seasonally adjusted nonfarm employment was flat, is expected to increase 8.0 million people, the former value by increasing a revised 117,000 increase of 8.5 million; 8 9.1% unemployment rate, the expected 9.1%, prev 9.1%.
market will pay close attention to U.S. President Barack Obama 98 days of employment policies, to 21 920 Fed meeting on interest rates.
analyst following summary of comments:
Wells Fargo Securities analyst Mark Vit:
This is obviously disappointing, although we expect there will be a very low figure. Data is poor in part because of Verizon’s strike. Without the strike, the data may not have such bad.
However, there are several encouraging data: emergence of domestic employment growth, employment, participation rates have improved.
current (non-farm jobs to increase the number) has a number of less than 10 million.
Federal Reserve lowered its forecast on the economy. The data shows that the Fed move is correct. It looks as if the economy is in stagnation, not recession.
Empus Consulting trading sector vice president Greg Salvaggio:
require a combination of what today’s consumer confidence data, non-farm payrolls data. 8, the debate within the Congress, the U.S. sovereign rating is lowered, there are hurricanes combined factors. From a consumer perspective, consumer confidence in a very harsh environment; especially from the business perspective.
fairly plausible if the data is so poor. But so bad a little surprising. Last night we see people buy the Swiss franc, but it also worries about Europe. Poor U.S. employment report, of course (the dollar) did not help, we would expect a stronger Swiss franc 3%, the Swiss central bank will look at the response to it. Dollar against the euro should remain range-bound, may be 1.42-1.4350 between.
