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US Unemployment

US Unemployment Rate is the focus today. Be aware. Be prepared

 

US Unemployment Rate is the focus today.  For the key technical levels to watch through the number and why, click on the following link. Be aware. Be prepared

US Employment the focus now. Dollar strengthens on weaker EURO

We have been through 4 central bank meetings with RBA raising, US lowering and ECB and BOE staying unchanged. The US had their elections. Canada released their unemployment. It is now time for the US Employment. For a review, and the key levels to watch, click on the following link.

US Employment Report mixed with revisions. Unemployment Rate rises to 9.7% however

NFP for Aug  -217K   vs 230K expectation.  Revision  -276K vs -247K
Unemployment Rate 9.7 % vs expectation of 9.5% (last 9.4%)

Work Week 33.1 hours (as expected)
Hourly Wages +0.3% MoM, 2.6 % YoY

6.9 million people have lost their jobs since the start of the job recession.

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US Employment numbers to be released at 8:30 AM. The expectation is for an improvement

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The US Non Farm Payroll will be released at 8:30 AM. The expectation is for a decline of -325K.  However, the whisper estimates have been coming down over the last 24 or so hours, with a low estimate of -150k heard.  Last month, the number showed a decline of -467K.  This was a surprise to the market as it reversed the -322K May decline. 

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