James Knightley, Chief International Economist at ING, notes that the October US jobs report has rebounded sharply (250,000) from the “soft” September figure of 118,000 while the market was expecting something around the 200,000 mark. Key Quotes “What we can say when looking on a longer-run basis is that payrolls growth has accelerated from an average of 182,000 per month in 2017 to 213,000 per month in 2018. The economy is booming and the bigger struggle for companies is actually finding labour to fill their vacancies. Meanwhile, the unemployment rate remained at 3.7% – it was last lower in December 1969!” “This incredibly tight labour market story is increasingly evident in the wage data with average hourly earnings jumping to 3.1% year-on-year from 2.8% in September. This is the fastest rate of wage growth since April 2009 and further increases are likely in the months ahead.” “As such, the Fed looks set to remain in tightening mode with a December rate hike looking highly likely followed by three more 25 basis point interest rate rises next year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Strong jobs report in October – Nordea Markets FX Street 4 years James Knightley, Chief International Economist at ING, notes that the October US jobs report has rebounded sharply (250,000) from the "soft" September figure of 118,000 while the market was expecting something around the 200,000 mark. Key Quotes "What we can say when looking on a longer-run basis is that payrolls growth has accelerated from an average of 182,000 per month in 2017 to 213,000 per month in 2018. The economy is booming and the bigger struggle for companies is actually finding labour to fill their vacancies. Meanwhile, the unemployment rate remained at 3.7% - it was last lower in December… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
