Friday, November 29, 2013

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The U.S. labor market surprises significant increase employment restrictions QE again early in the game - Patria.cz
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The number of jobs outside bullet agriculture in the USA in October rose by 204,000. This is significantly better than 120 000, which was set consensus estimate market. In addition, a revision of the previous two months significantly upwards. This is certainly bullet very good news about the U.S. economy, which comes after a negative surprise in the last few months. The unemployment rate in October rose to 7.3 percent, as expected. Employment growth picked up further momentum in the industry, which added 35,000 jobs. In the service increment amounted to 177,000 after 123 thousand in September. There was a significant bullet increase in employment in the hospitality and leisure services. Farther remained respectable growth in services for the corporate sector and in trade and transport. Growth in employment in education bullet and health. The decrease in the number of jobs reported only the government sector, but only about 8,000. A survey of households shows the growth bullet in the unemployment rate to 7.3 percent from 7.2 percent the previous month. According to this survey, but there was a significant decline in employment of 735,000 and an overall outflow of 718,000 people from the labor market. This led to a decline in the participation rate to 62.8 percent, bullet which is many years minimum. Partial closure of government, according to BLS reflected in the number of unemployed, because according to the classification used here also fall temporarily unemployed. This factor, therefore, partly influenced by data on unemployment, however, does not explain the large outflow from the labor market. On the other side of the roadblock the government had no noticeable effect on the data from firms about jobs. There is is classified as employed anyone who at least for part of the period under review was on the payroll. Data generally plead well and thanks bullet to revisions to previous months, revealing a better labor market developments. Needless bullet to say, just in the last few months, when the question of the end of QE, are reviewing the overall volatility of the numbers are very significant. According to current data, it seems that the attenuation of QE back fully into the game. The increase in employment is above 200 as October, bullet so a three-month average. The unemployment rate mild (and probably temporary) increase does not interfere with its downward trend. The central bank will not be excited about a very low degree of participation that impression of developments in the labor market spoils. Bets that the next session of the Fed reduced purchases of assets

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