Tajuk : Stocks are sliding on the disappointing jobs report
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Stocks are sliding on the disappointing jobs report
S&P 500 futures pared gains after the monthly US jobs report showed weaker-than-expected hiring and wage growth.
Having risen as much as 0.3% in pre-market trading, the equity benchmark slid on the news and is now almost completely flat.
While the US economy added 138,000 jobs in May, missing economist forecasts of 182,000, that disappointment was at least partially offset by the unemployment rate continuing to fall. At 4.3%, the measure is the lowest in 16 years, according to the Bureau of Labor Statistics.
The numbers continue to counterbalance themselves as it gets more granular, with a decline in labor force participation being offset by a rise in average hourly earnings, which matched expectations.
Despite the miss on job gains, this report should provide the final green light to the Federal Reserve. It meets later in June and is expected to raise borrowing costs for the second time this year, confident that low wage inflation will prove to be transitory.
Investing.com
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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S&P 500 futures pared gains after the monthly US jobs report showed weaker-than-expected hiring and wage growth.
Having risen as much as 0.3% in pre-market trading, the equity benchmark slid on the news and is now almost completely flat.
While the US economy added 138,000 jobs in May, missing economist forecasts of 182,000, that disappointment was at least partially offset by the unemployment rate continuing to fall. At 4.3%, the measure is the lowest in 16 years, according to the Bureau of Labor Statistics.
The numbers continue to counterbalance themselves as it gets more granular, with a decline in labor force participation being offset by a rise in average hourly earnings, which matched expectations.
Despite the miss on job gains, this report should provide the final green light to the Federal Reserve. It meets later in June and is expected to raise borrowing costs for the second time this year, confident that low wage inflation will prove to be transitory.
Investing.com
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qJHhyU
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Stocks are sliding on the disappointing jobs report
Kini anda membaca artikel Stocks are sliding on the disappointing jobs report dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/06/stocks-are-sliding-on-disappointing.html
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