U.S. unemployment rate is misleading

Aug 11, 2016 13:01 pm UTC| Commentary Economy

According to latest non-farm payroll report, US unemployment rate is at 4.9 percent as of July and is now being considered that the rate has reached long-term normal level. Technically speaking, yes, the rate has reached...

Unexpected spike in Norway inflation reduces chances of a rate cut in September

Aug 11, 2016 11:41 am UTC| Insights & Views Economy Central Banks

Norways core inflation surged to record highs in July, dampening Norges Banks rate cut speculation. Norways core inflation, as measured by the CPI-ATE unexpectedly surged to 3.7 percent y/y in July, up from 3.0 percent in...

JOLTS data points to structural unemployment

Aug 11, 2016 10:28 am UTC| Commentary Economy

Latest data from JOLTS points at adeterioration in employment suitability ratio. This is a simple ratio calculated from the data of total job openings to total hires. Whenever the number reaches above 1, it means the...

Changing state-owned enterprises provide less cause for Chinese investment fears

Aug 11, 2016 08:20 am UTC| Commentary Economy

Chinas state-owned enterprises are becoming increasingly privatised, as government involvement shifts from full control to economic guidance. This means these firms should be treated like any other foreign investor when it...

Worrisome Signs Series

US federal deficit reaches USD 112.8 billion in July, likely to reach USD 550 billion by 2016-end

Aug 11, 2016 07:55 am UTC| Commentary Economy

In July, the US federal government has recorded a budget deficit of USD 112.8 billion, consistent with the CBOs forecast of USD 113 billion. The deficit in July has narrowed from July 2015s USD 149.2 billion. CBO stated...

US job openings rise to 5.62 million in June; labor market outlook modestly positive

Aug 11, 2016 05:35 am UTC| Commentary Economy

The US Jobs Openings and Labor Turnover Survey (JOLTS) report for the month of June indicates that job openings rose to a record high at the end of the second quarter, whereas hires steadied following a drop for three...

FxWirePro: The Day Ahead- 11th August, 2016

Aug 11, 2016 04:37 am UTC| Commentary Economy

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Australia: Consumer inflation expectations for August came at 3.5 percent,...