Looks like employment growth in the US is started to stall. Some poor data come out the last couple of days. http://www.marketwatch.com/story/weekly-us-jobless-claims-jump-to-474000-2011-05-05
US dollar jumped up out of its sideways trading of the last week or so as well. Euro rates unchanged pushing the euro down. At rate rise would have been bad for the dollar.
Expanded article here. http://www.marketwatch.com/story/applications-for-us-jobless-benefits-surge-2011-05-05
LOL they'll blame Mac'kers mass hiring for getting all those unemployed people back on gov unemployment statistics .
Don't trust these figures anyway you cut it - you are dealing with the greatest magicians on earth masters of illusion watch as they make $1 into a billion etc etc. In short I suspect it hasn't changed that much they are just reporting more accuratly now they have some good news to divert attention to.
US payroll data was good tonight but unemployment rose to 9%. http://www.marketwatch.com/story/us-economy-adds-244000-jobs-in-april-2011-05-06
Really makes you wonder how the US are going to get out of this one. They cannot raise interest rates or QE3 without being smashed... interesting times ahead.
Jobless claims fell this week after the rise last week. http://www.marketwatch.com/story/re...fits-fall-by-44000-2011-05-12?dist=beforebell