The surprised 4000 US job cuts in Aug, 1st time in 4 years, has set fear that the recent market turmoil has spread to a wider US economy. Economists are expecting Fed to cut interest rates soon, which has been held for over a year at 5.25%.
Ave hourly earnings rose to US$17.50, a 0.3% increase fr July and up 3.9% on yearly basis. Unemployment rate continue to hold at 4.6%.
* Bloomberg-News , BBC-News , AsiaOne-Rates *
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My guess for interest rates cut: 0-0.25% ... ...
Saturday, September 8, 2007
US August Jobs Data
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