Employment In US And UK: Great Graphic
Marc Chandler | Oct 07, 2014 01:35AM ET
The September US jobs data was stronger than expected. However, US interest rates pulled back after initially moving higher. US rates are edging lower today.
This week's labor market reports include the Fed's new Labor Markets Condition Index and JOLTS.These are probably more important from Yellen, Fischer and Dudley's vantage point that last week's report. The key issue is whether the characterization of the labor market in the FOMC statement (Oct 29) will continue to identify "significant underutilization of labor resources."
Leaving aside the lack of upside pressure on wages, the qualitative measures suggest that while the labor market is healing, it is still not healthy. strongerinnumbers.com) . It shows the employment rate for the labor force (16 years and older) in the US and UK. The US remains in the trough (albeit in the upper end ), while the UK is only about a percentage point higher. However, it is near pre-crisis levels, while the US remains well below.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.