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  • David Becker
    Business » Strong Data Hides Weakness
    David Becker - March 7, 2014, 14:55 GMT

    On Friday the Bureau of Labor Statistics reported that non-farm payrolls increased by 175,000 jobs in February compared to the 139,000 expected by economists. Expectations were reduced during the week from 152,000 after ADP reported a weaker than expected report and the ISM announced that their non-manufacturing employment sub-component drop 9 points to contraction territory

  • Stocks gyrated after the US released its payroll report, which came in much weaker than expected. There was a disparity when comparing the corporate non-farm payroll report with the household survey which led to market volatility. Apple announced a 14 billion dollar buy back, while LinkedIn tumbled after weaker than expected earnings results. The U.S.

  • Forex » UK Unemployment Plunges to 5-Year Low
    January 22, 2014, 21:09 GMT

    UK unemployment fell to the lowest level in almost five years, putting it within striking distance of the Bank of England’s 7 percent threshold. Measured using International Labour Organization methods, the unemployment rate plunged 0.3 percentage points to 7.1 percent in the three months through November, the Office for National Statistics reported today. The rate

  • Retail sales in the United Kingdom rose 0.3 percent in November, following a revised 0.9 percent decline the prior month, according to the Office for National Statistics. On an annualized basis, retail sales rose 2 percent. Excluding fuel, retail sales accelerated 0.4 percent in November and at an annual rate of 2.3 percent. Sales were

  • Forex » Detroit: America’s comeback city?
    November 12, 2013, 07:29 GMT

    Detroit is America’s comeback city, according to some of Michigan’s top leaders. DTE Energy CEO Gerard Anderson, State of Michigan Governor Rick Snyder and Ford Motor Executive Bill Ford Jr. have all stood behind Detroit’s comeback, and are confident the former industrial powerhouse can reverse several decades of decay. Population growth, rebounding profits for the

  • The US dollar fell to fresh lows as employment growth slowed in September, according to the Labor Department. The highly awaited jobs report revealed only 148,000 jobs were created last month, well shy of expectations for 180,000. This brings the three-month average to 143,000. The unemployment rate unexpectedly dropped another 0.1 percentage point to 7.2

  • The Bank of England announced no changes to monetary policy at its October rate decision, leaving interest rates at record lows as economic recovery gains traction. The Bank of England’s Monetary Policy Committee voted once again to keep its benchmark lending rate at 0.5 percent, adhering to Mark Carney pledge to keep rates low until

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