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28 Jul 2014
US unemployment to continue dropping in H2 2014 – Matt Weller
FXStreet (Łódź) - Matt Weller, Senior Technical Analyst with FOREX.com projects that the US unemployment rate should continue decreasing in the second half of 2014.
Key quotes
“On the employment side of the ledger, the news could hardly be better.”
“Heading into the July Non-Farm Payrolls report, the US economy has now created over 200k jobs for five consecutive months, a development we haven’t seen since the run-up to the Tech Bubble in 1999.”
“With the participation rate (the percentage of US adults seeking employment) likely to stay subdued due to demographic trends and baby boomers forced into early retirement, the unemployment rate may continue to grind generally lower in H2 2014.”
“In fact, the unemployment rate fell to just 6.1% in June, within the Federal Reserve’s projected 6.0-6.1% range for end of the year!”
“As long as the unemployment rate remains subdued, the labor market will continue to pressure the Fed toward normalizing rates.”
Key quotes
“On the employment side of the ledger, the news could hardly be better.”
“Heading into the July Non-Farm Payrolls report, the US economy has now created over 200k jobs for five consecutive months, a development we haven’t seen since the run-up to the Tech Bubble in 1999.”
“With the participation rate (the percentage of US adults seeking employment) likely to stay subdued due to demographic trends and baby boomers forced into early retirement, the unemployment rate may continue to grind generally lower in H2 2014.”
“In fact, the unemployment rate fell to just 6.1% in June, within the Federal Reserve’s projected 6.0-6.1% range for end of the year!”
“As long as the unemployment rate remains subdued, the labor market will continue to pressure the Fed toward normalizing rates.”