Tuesday, 25 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Payrolls Rise Below-Forecast 103,000; Wage Gains Pick Up
Friday, 6 April 2018 19:48 WIB | ECONOMY |Ekonomi ASPayroll ASU.S.Unemployment

U.S. hiring cooled by more than forecast in March following a strong February while wages picked up and the unemployment rate remained the lowest since 2000, returning labor-market progress to a more sustainable pace that may keep Federal Reserve policy makers on track for further interest-rate increases.

Payrolls rose 103,000, compared with the median estimate of economists for 185,000, after an upwardly revised 326,000 advance, Labor Department figures showed Friday. The jobless rate was 4.1 percent for a sixth month, bucking forecasts for a decline, while average hourly earnings increased 2.7 percent from a year earlier, matching projections.

The results follow strong hiring in 2017 and show an average pace of payrolls growth this year that's still sufficient to push down the unemployment rate, which already is below Fed estimates of levels sustainable in the long run. A pickup in wages -- which has remained elusive in this expansion -- would support consumer spending, though some economists worry it may also spark inflation.

œThe labor market is continuing to strengthen, and we haven't seen a material shift in that, Sam Bullard, senior economist at Wells Fargo Securities LLC, said before the report. Even when there's a weak payroll number in one month, œthe Fed and the markets are going to look through it.

At the same time, the specter of a trade war with China is a wild card for the outlook, particularly after President Donald Trump raised tensions by ordering his administration to consider imposing tariffs on an additional $100 billion in Chinese imports.

The slowdown in payroll gains reflected reversals in construction and retail. Construction payrolls fell by 15,000 in March, the first decline since July, following a gain of 65,000 in February. Retailers cut 4,400 workers, following a rise of 47,300 in February.

Source : Bloomberg

RELATED NEWS
U.K. August Retail Sales Unexpectedly Gain in Summer Heatwave...
Thursday, 20 September 2018 15:49 WIB

Penjualan ritel AS secara tidak terduga meningkat bulan lalu karena musim panas terpanas dalam catatan mendorong pembeli untuk keluar. Penjualan naik 0,3 persen dari Juli, dibandingkan dengan estimas...

U.K. Inflation Unexpectedly Accelerates on Theater Prices, Fares...
Wednesday, 19 September 2018 15:53 WIB

Inflasi U.K tanpa diduga meningkat pada bulan Agustus, didorong oleh biaya pertunjukan teater, permainan komputer, tarif transportasi, dan pakaian. Pertumbuhan harga konsumen tahunan naik menjadi 2,7...

Retail Sales Grow By Smallest Amount In Six Months...
Friday, 14 September 2018 19:51 WIB

Pengecer AS membukukan penjualan terlemahnya pada bulan Agustus dalam enam bulan terakhir dan hanya peningkatan pembelian di SPBU yang mencegah penurunan langsung, tetapi mendapatkan dorongan kecil da...

U.S. Core Inflation Unexpectedly Cools on Apparel, Medical Costs...
Thursday, 13 September 2018 19:48 WIB

Pengukur inflasi AS yang mendasari secara tiba-tiba melambat pada bulan Agustus karena harga pakaian mengalami penurunan terbesarnya dalam sekitar tujuh dekade terakhir dan biaya perawatan medis menur...

Producer Prices in U.S. Decline for First Time in 18 Months...
Wednesday, 12 September 2018 19:41 WIB

Harga produsen AS secara tiba-tiba menurun pada bulan Agustus, penurunan pertama dalam 18 bulan terakhir, pada penurunan biaya untuk sektor layanan dan makanan, menurut laporan dari Departemen Tenaga ...

POPULAR NEWS
Gold Expected To Gain Some Luster After Fed

Wall Street and Main Street both look for gold...

Gold Drops Second Day as Trade War, Rate Hike in Focus

Gold declines for second day with trade war...

Asia Stocks Fall as U.S., China's New Tariffs Take Effect

Asian stocks fell for the first time in five...

LATEST NEWS
Hong Kong stocks sink on new trade frictions

Hong Kong shares tumbled on Monday after the US imposed fresh tariffs on $200 billion of Chinese imports and Beijing cancelled planned talks between the two sides. The Hang Seng Index fell 1.62 percent, or 454.19 points, to close at...

Wall St Falls on U.S.-China Trade Tariff Standoff

On Wall Street the S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, dampening last week's hopes for a resolution and investors waited for an interest rate hike ahead of a U.S. Federal Reserve...

Oil Futures Settle Higher, with Global Benchmark Crude at a Nearly 4-Year High

Oil prices rallied on Monday, with Brent marking its highest settlement since late 2014 and U.S. benchmark West Texas Intermediate crude ending at a more than two-month high. At a meeting over the weekend, a committee made up of some members of...