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In December, American employers maintained a brisk tempo of hiring, while lifting wages for employees amid strengthening confidence in the US economy that could pave the way for the key US bank to lift interest rates in March.
The previous month nonfarm payrolls soared by 190,000 jobs, according to a Reuters poll of market experts, following a revenue of 228,000 in November. Notwithstanding the expected moderation, employment gains would still stay above the monthly average of about 170,000 for the last three months.
Obviously, harsh weather in some parts of America probably contributed to December’s job surge slowdown.
For all of the previous year, the American economy is anticipated to have generated nearly 2 million jobs, which is a bit below the 2.2 million gained in 2016. A bit later on Friday the Labor Department is expected to publish its closely watched employment report.
In December, average hourly earnings tacked on 0.3% having soared 0.2% in the previous month.
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The US dollar index is lower today moving to 96.50. On Wednesday, the index tested levels near 97 but couldn’t stick there.
In July, Japan's export surge speeded down more than anticipated due to the fact that shipments to America kept tumbling for a second straight month…
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…
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…
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…
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