The U.S. economy added 528k jobs in July, coming in well above the consensus forecast of 250k. Revisions to the prior two months were also positive, adding 28k jobs from previously reported May/June figures. U.S. payrolls have now surpassed their pre-pandemic level. Employment gains were again widespread, with education & health care (+122k), leisure & […]
The post July Payrolls Assuage Any Fear that the U.S. Economy is in Recession appeared first on Action Forex.
Australia’s labor market delivered a strong upside surprise in April, with employment rising by 89k, sharply above expectations of 20.9k. Full-time jobs accounted for 59.5k of the gain, while part-time employment rose by 29.5k. Unemployment Read more…
At an event overnight, San Francisco Fed President Mary Daly said Fed is in a “good position” to respond to evolving conditions and uncertainties. She emphasized, “patience is the word of the day,” “We’ve got Read more…
Key Highlights WTI Crude Oil prices started a recovery wave above the $60.00 level. A connecting bullish trend line is forming with support at $61.90 on the 4-hour chart. Gold prices dipped below the $3,300 Read more…