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US private sector employment rises by just 167k

According to the latest data from ADP, one of the US’ largest private payrolls processors, private sector employment increased by a meagre 167,000 in July. Consensus expectations were for a much larger 1.5m in jobs growth, so today’s data will undoubtedly cause concern to investors and policymakers that the labour market recovery has stalled. The

Clothing store in the US

US retail sales and continuing jobless claims beats forecasts

The Federal Reserve’s beige book (a report published eight times a year providing commentary on current and future economic conditions based on survey responses from key business contacts, economists, market experts, and other sources) set the tone for this week’s positive economic data out of the US. The report found activity had increased in each

US non-farm payrolls smashes consensus for 2nd month in a row

Today, the US Bureau of Labour Statistics’s data showed that 4.8m Americans found work in the month to 12 June, whilst last month’s release was revised upwards to 2.7m from 2.5m. The report significantly cleared consensus expectations of jobs growth of 3m and caused European stock bourses to surge almost 1% higher in reaction to