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Dollar jumps to highest level in 7 months


k98nights
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07/11/2015 10:22 GMT

  Dollar jumps to highest level in 7 months

 

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Agencies - the dollar index jumped to its highest level in seven months, pushing oil prices lower and stepped up US short bond yields term to the highest level in five years on Friday after strong US data reinforced expectations that the Federal Reserve will raise interest rates in December (December).

 

 

The US Labor Department earlier in the day, said that employers added 271 thousand jobs to last month the US economy, the largest increase since December (December) 2014. The unemployment rate fell to 5%, the lowest level since April 2008 and in the scope is Many of the US central bank officials to comply with the full employment.

 

Jumped dollar index, which measures the US currency's value against a basket of six currencies Riasah- 1.5% to 99.345, its highest level since mid-April, before trimming gains to 1.26% at 99.169 in late trading on the American market.

 

The euro fell to $ 1.0708, the lowest level since April, before recovering to $ 1.0740 in late New York trade but it remains down 1.47% from its level at the beginning of the meeting.

 

Against the Japanese currency the dollar climbed to 123.26 yen, its highest level since 21 August. The record in late trading 123.19 yen, up 1.2%.

 

He jumped and US Treasury yields for two-year to 0.958%, its highest level since May 2010, with growing expectations for a rate hike next month. And increased the standard bond yields for ten years to 2.349%, the highest level in three months.

 
 

 

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I'm just worried its all hype and outright lies, maybe the jobs data is correct but chances are the majority of the jobs are government jobs (public sector) which really shouldn't be counted as they are non productive roles when it comes to the economy, they are a burden on the economy then you have the fact that the remainder of the "new" jobs are part time jobs.

 

I wouldn't be surprised to see them come out with a statement in a week of two saying they miscalculated and they revise the numbers down ....... again.

 

unemployment in the US is nowhere near 5% ....... triple would be more like it, some people think it may be even more like closer to 30%

Edited by The Machine
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You hit that on the head it's a joke how the media pumps this POS in charge to make him look good in all the little sheeples eyes and most of the TV analyst back him and still blame Bush. Don't get me wrong I love my country, I just don't like all the BS lies and spineless leaders that are being elected. Everyone wants to change the constitution and it built the strongest nation in less than 250 years. Pissed me off liberal government wants to unify the word. (Agenda 21 now known as Agenda 2030)

No offense but all countries should take care of their own and politicians should not be able to make a career out it. We put out more millionaires in Washington DC than any other state in the nation. American politics are corrupt and we will be forced to take our country back.

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You hit that on the head it's a joke how the media pumps this POS in charge to make him look good in all the little sheeples eyes and most of the TV analyst back him and still blame Bush. Don't get me wrong I love my country, I just don't like all the BS lies and spineless leaders that are being elected. Everyone wants to change the constitution and it built the strongest nation in less than 250 years. Pissed me off liberal government wants to unify the word. (Agenda 21 now known as Agenda 2030)

No offense but all countries should take care of their own and politicians should not be able to make a career out it. We put out more millionaires in Washington DC than any other state in the nation. American politics are corrupt and we will be forced to take our country back.

 

I hear you buddy, I think politicians should be paid minimum wage. It should not be a money making career, they should do it for the love of the job and country.

 

Also the people should be proportionally represented, almost 100% of politicians around the globe are lawyers ....... where are the doctors, engineers, shop assistants, nurses, garbage collectors, single mothers, soldiers, single fathers, scientists, farmers, factory workers, philosophers & poets . We should all have representation in government from someone who knows our daily struggles.

 

but because the government in every country is dominated by lawyers that is what we get ....... endless laws & meaningless bureaucracy. 

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I'm just worried its all hype and outright lies, maybe the jobs data is correct but chances are the majority of the jobs are government jobs (public sector) which really shouldn't be counted as they are non productive roles when it comes to the economy, they are a burden on the economy then you have the fact that the remainder of the "new" jobs are part time jobs.

 

I wouldn't be surprised to see them come out with a statement in a week of two saying they miscalculated and they revise the numbers down ....... again.

 

unemployment in the US is nowhere near 5% ....... triple would be more like it, some people think it may be even more like closer to 30%

http://www.pewresearch.org/fact-tank/2015/01/14/job-shifts-under-obama-fewer-government-workers-more-caregivers-servers-and-temps/

 

January 14, 2015
Job shifts under Obama: Fewer government workers, more caregivers, servers and temps

By Drew DeSilverLeave a comment

With the unemployment rate down to 5.6% as of December (the lowest since mid-2008), Americans are at long last feeling better about the economy. According to a new Pew Research Center report, 27% of U.S. adults say economic conditions are excellent or good, about twice the percentage who said that at the beginning of 2014. 31% expect the economy to be better a year from now, versus 17% who expect it to be worse, and for the first time in five years, more Americans say President Obama’s economic policies have made conditions better (38%) than worse (28%).

With Obama likely to discuss the improving economy in his State of the Union address next week, we decided to compare the latest payroll figures with the data from January 2009, to get a sense of how the nation’s employment structure has changed since Obama took office.

jobsSector.pngThe takeaway: An overall gain of 6.4 million more non-farm payroll jobs last month than in January 2009, which represents a 4.8% increase. All of that growth came from the private sector, while the public sector shrunk: Private payrolls have added 7 million jobs over Obama’s presidency, while government payrolls (federal, state and local) have contracted by a combined 634,000 jobs.

 

Specifically, it’s the service sector that’s been generating jobs — nearly 7.6 million new ones since January 2009. But more than half of those jobs are in just three sectors:

  • Nearly 1.5 million jobs were created in the healthcare sector, which now accounts for 11.1% of all payroll jobs in the country (up from 10% at the start of 2009). That continues a trend of steady growth that dates back to at least 1990, well before the Affordable Care Act: Healthcare now employs 14.9 million Americans, versus about 13.4 million six years ago — an 11% growth rate over that period.
  • Bars, restaurants and other food-service employers have added almost 1.4 million jobs since the start of Obama’s presidency, for total growth of 14.6%. More than 10.8 million people now work in that industry, 7.7% of all payroll jobs.
  • More than a million of the newly created jobs are at temporary-help agencies, which now account for 2% of all payroll jobs in the country. The industry’s total employment was just under 3 million in December, versus 1.96 million at the start of 2009 — an overall 52.5% growth rate.

A handful of thriving goods-producing industries have gotten a lot of attention, but they don’t employ all that many people. Payrolls of oil and gas producers, for instance, have jumped nearly 31%, reflecting the surge in domestic production; still, that’s just 216,100 jobs in total. And automakers, who benefited from massive government aid during the depths of the Great Recession, have added 192,700 jobs (28%) since January 2009; they now employ 884,000 people.

However, autos were among the few manufacturers to buck that sector’s downward trend. Overall, manufacturing is 321,000 payroll jobs below where it was when Obama took office (although the sector has added 786,000 jobs since bottoming out in early 2010).

Construction, another goods-producing sector, is still down 401,000 jobs from where it stood at the start of 2009 — which, in turn, was 15% below its peak payroll in April 2006, shortly before the air began leaking out of the housing bubble. Construction continued to shed jobs well into Obama’s first term, bottoming out in January 2011; the sector’s growth since then, while a relatively robust 13.5%, has only been enough to bring payrolls back to where they were in the spring of 2009.

Government payrolls at nearly all levels also have been cut. Local governments have shed 446,000 jobs, about 3% of their total workforce; state governments have cut a net 121,000 jobs, with small growth in education more than offset by cuts elsewhere. And while the federal government has added 62,700 non-postal jobs, the Postal Service has reduced its workforce nearly 18%, or 129,400 jobs. The Postal Service now employs fewer than 600,000 people, its smallest payroll since 1964.

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Where is LGD I have not seen his enlightened input lately...

IDK, I like the way he broke down some of these long arabish collums. I think he backed off after he was pretty excited for the start of November. I also think he's to big of a man to care what people think. He seems pretty grounded to me. Jmo.

FWD

GO RV

PS

Hammer911 O loves you to. LOL

Edited by four wheel drift
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IDK, I like the way he broke down some of these long arabish collums. I think he backed off after he was pretty excited for the start of November. I also think he's to big of a man to care what people think. He seems pretty grounded to me. Jmo.

FWD

GO RV

PS

Hammer911 O loves you to. LOL

 

I already SUDDENLY begin to miss our good ol' buddy LGD.  Hope all is ok with him.  :peace:

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