Back
2 Jul 2014
US labor market recovery not so sustainable - Talal Abdullah
FXStreet (Łódź) - Talal Abdullah, Analyst at ICN.com expects that the US economy added 185-210K jobs in June, while the unemployment rate remained steady at 6.3%.
Key quotes
"Based on the recent data from the US economy, the market is still ignoring all the downbeat signals, and especially after the revised Q1 GDP; investors believe that the recovery is taking place and take the signals from the jobs report with the average jobs created over the last three months above 200K."
"The expectations are for another average 200K jobs to be added, and even with many on the upper limit we expect a more modest range of 185-210K jobs with steady 6.3% unemployment."
"The jobs created are leaning more toward tempt and low wage jobs and that does not seem a trend to sustain a strong recovery and with the summer season now supposedly to offset the harsh winter effect on the economy we should look closer into the sectors and regions for employment for more details for the next Fed move."
Key quotes
"Based on the recent data from the US economy, the market is still ignoring all the downbeat signals, and especially after the revised Q1 GDP; investors believe that the recovery is taking place and take the signals from the jobs report with the average jobs created over the last three months above 200K."
"The expectations are for another average 200K jobs to be added, and even with many on the upper limit we expect a more modest range of 185-210K jobs with steady 6.3% unemployment."
"The jobs created are leaning more toward tempt and low wage jobs and that does not seem a trend to sustain a strong recovery and with the summer season now supposedly to offset the harsh winter effect on the economy we should look closer into the sectors and regions for employment for more details for the next Fed move."