US payrolls provide a warm seasonal glow to optimists - Rabobank

Dhwani Mehta FXStreet

The Rabobank Research Team offers their afterthoughts on the US Employment and Consumer Sentiment data released last Friday.

Key Quotes:

“Friday’s US payrolls were strong, albeit boosted by the return of GM workers after a labor dispute.

The 266K report and 41K two-month upwards revisions, 3.5% unemployment rate, and 3.1% y/y average earnings growth (albeit on a 1-tick miss in the m/m print at just 0.2%)--to say nothing of the stronger-than-expected Michigan sentiment and consumer credit surveys--all combined to provide a warm seasonal glow to optimists.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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