Signals from the Federal Reserve
The Federal Reserve has already raised interest rates twice this year.
Claims for unemployment benefits in America suddenly dive, as the labor market tightens
The total number of US citizens, who apply for unemployment benefits suddenly edged down the previous week, thus pointing to further tightening of US labor market conditions.
As a matter of fact, initial applications for state unemployment benefits went down by about 1,000 to 222,000. That’s what the Ministry of Labor informed on Thursday. For the last week data on requests was updated to display 2000 more applications obtained earlier.
Market experts foresaw that the previous week, applications would rally to 225,000. Besides this, the Ministry of Labor added that applications in Maine were assessed the previous week, while procedures for accepting appeals in Puerto Rico as well as the Virgin Islands still haven’t got back to normal after the previous year's terrible hurricanes.
Additionally, the four-week moving average of primary hits, considered to be the best gauge of labor market trends because it takes weekly volatility into account, tacked on by 2,750 to 225,500 the previous week.
Market analysts are 100% assured that the labor market has approached the level of complete employment. The number of jobs in the non-agricultural sector rallied by 223,000 jobs in May, while the unemployment rate went down to an 18-year minimum of 3.8%.
The unemployment rate that this year went down by 0,3%, is currently at the level, which, according to the estimates of the Federal Reserve, is going to be reached by the end of 2018.
Dismissals are quite low in the face of a soaring deficit of employees in all sectors of the American economy. Tuesday’s data disclosed that in April there were registered up to 6.7 million vacancies. Besides this, the number of unemployed for one job headed south to 0.9 versus the reading of March - 1.0.
Similar
Daily News: the USD has plunged
On Monday, the US dollar index plunged from 96.40 to 95.70.
Japanese companies welcome skilled foreign employees
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
Popular
Japan February exports are seen surging at fastest pace since 2015
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
Asian shares tumble with Japan markets shut
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
Greenback surges as yields soar
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Deposit with your local payment systems
