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Home | Forex Rss News | US: Mixed August labour market report (06/09/2009 02:35:42)

US: Mixed August labour market report

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On balance the August labour market report disappointed slightly, but incorporated both positive and negative news.  The unemployment rate resumed its rapid upward trend hitting 9.7%. The decline in nonfarm payrolls slowed to -216K, but with a net revision of -49K. However, the trend towards stabilisation in the labour market remains intact. Hourly earnings were better than expected for a second month and signs of stabilisation are now evident in compensation. We continue to expect that


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