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6 Feb 2015
Spectacular Jobs Report Breakdown - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained a Spectacular Jobs Report from the US.
Key Quotes:
"The US employment report was nothing shy of spectacular."
"Job growth was better than anticipated."
"Back months were revised higher."
"Earnings growth recouped the December fluke".
"The participation rate jumped. It is true that the unemployment rate edged up, and the underemployed also ticked up. Yet, on balance, those who doubted a mid-year Fed hike have to reconsider."
"The US created a net new 257k jobs in January, handily beating "
"An additional 147k jobs were added to the November and December reports, which makes its the strongest three months of jobs gains in the US since November 2008."
"The jump in manufacturing jobs bodes well for industrial output. The sector grew 22k jobs, well above the consensus estimate of 12k, and the December series was revised higher as well."
"The unemployment rate edged up to 5.7% from 5.6%, but this was less than the increase in the participation rate, which is a constructive development. "
Key Quotes:
"The US employment report was nothing shy of spectacular."
"Job growth was better than anticipated."
"Back months were revised higher."
"Earnings growth recouped the December fluke".
"The participation rate jumped. It is true that the unemployment rate edged up, and the underemployed also ticked up. Yet, on balance, those who doubted a mid-year Fed hike have to reconsider."
"The US created a net new 257k jobs in January, handily beating "
"An additional 147k jobs were added to the November and December reports, which makes its the strongest three months of jobs gains in the US since November 2008."
"The jump in manufacturing jobs bodes well for industrial output. The sector grew 22k jobs, well above the consensus estimate of 12k, and the December series was revised higher as well."
"The unemployment rate edged up to 5.7% from 5.6%, but this was less than the increase in the participation rate, which is a constructive development. "