Employment

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  • The jobs data will not likely move the timing and amount of the next rate hike.

    Jobs Report Unlikely to Sway the Fed

    There is something for everyone in today's US jobs report, and at the end of the day, it is unlikely to sway opinion about the direction and timing of the next Fed move.  The greenback itself may remain range bound after the initial flurry.  On the other hand, the disappointing but noisy Canadian data underscores the risk of a more dovish slant to the central bank's neutral stance next week. 

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  • Here is hoping for better jobs data.

    The Markets, and Jobseekers, would Appreciate Better Jobs Data

    The US employment data tends to be among the most important economic reports during the monthly cycle.  It often injects volatility into the market.  The report itself tends to be volatile and subject to revisions.  Economists have little input on which to base their forecasts.

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  • England's leader search rolls on and in the U.S., ADP sets up BLS.

    Payroll Data Precedes Jobs Data in the U.S.

    Amid a better if not strong risk appetite, sterling has rallied two cents from yesterday's lows near $1.28 to poke through the $1.30 level in the European morning.  It was helped by an industrial production report that was better than expected.  Industrial and manufacturing output fell 0.5% in May.  This was around half of the expected decline after a strong April advance (2.1% and 2.4% respectively). 

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  • The largest firms in Africa are providing the most jobs.

    Big Business in Africa: It's Where the Jobs Are

    Almost all developing countries have policies to promote small and medium-sized firms. The reasons for this choice are clear. Small firms appear to create lots of job with relatively little capital and jobs are desperately needed in sub-Saharan Africa with its growing young population. In contrast, large firms are usually ignored, it being implicitly assumed that their size indicates success.

    Ghana is no exception.

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  • Migrant domestic workers are largely left out of labor rules.

    As Labor Rules are Written, One Group is Left Out

    Asia’s migrant domestic workers face exploitation and discrimination, but are largely left out of countries’ labour policies and legislation. Though estimates of the number of domestic workers vary between 52 and 67.1 million, there is consensus that a significant proportion of them, perhaps as many as 11.5 million, are migrants. About 40 percent of the world’s domestic workers are in the Asia Pacific and around 80 percent of migrant domestic workers are women.

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