The data released yesterday in the USA shows that employment recovery continues. In the week ended January 28, the weekly unemployment rate fell by 246 thousand people. Ongoing unemployment claims were 2 million 6 thousand people. Wednesday's ISM manufacturing index and ADP private sector employment figures are on the rise, positive for the country's economy. However, despite all these developments, the Dollar Index continues to be under pressure with Trump uncertainty.
Failure of the bank to present a clear view at the Fed meeting this week also created question marks for the March meeting. This point will be important to be announced today. It is expected that the increase in non-agricultural employment will be 175 thousand in January, while the unemployment rate is expected to be 4.7 %. The average hourly earnings, which are effective on inflation, are expected to lose momentum with an annual rate of increase of 2.7 %.
- Date: 03 February 2017 Fri 07:48
- Last Added
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