U.S. nonfarm payrolls increased just 138,000
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The dollar fell to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected last month, which could derail a possible interest rate hike by the Federal Reserve in the second half of this year. The greenback fell to seven-month troughs against euro and Swiss franc… Data showed that U.S. nonfarm payrolls increased just 138,000 last month as the manufacturing, government and retail sectors lost jobs, while the consensus forecast was for 185,000 new jobs. March and April data was revised to show 66,000 fewer jobs created than previously reported. – “Dollar Tumbles to 7-Month Low After Weaker-Than-Expected US Jobs Data,” Reuters, June 2, 2017.
“We all share the same responsibility: make our planet great again!”
We will resume the normal publication of this weekly column by Raymond Merriman next week. Stay tuned! It is going to be one hot summer with the Sun/Mars conjunction in Leo on July 26, and the solar eclipse, conjunct Mars, on August 21! For this week, we are right in the middle of two important Jupiter transits: Sun trine Jupiter (June 2) and Jupiter endings it retrograde motion and turning direct (June 9). In typical Jupiterian fashion, the stock markets of the world are experiencing an excess of euphoria and confidence.
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