Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Saturday, 30 May 16:08 (GMT -05:00)



Foreign exchange market

U.S. Unemployment Rate Drops To Nearly 50-Year Low


The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population. 
 
Last month, the amount of economically active Americans decreased by 490K people. The reason for that is believed to be an increase on the amount of retired people and students who don't need jobs. At the same time, the world's biggest economy increased the amount of new jobs by 263K, which had positive impact on the unemployment rate. At the same time, the average annual earnings increased by 3,2%.
 
According to analysts, all of the changes seen over the reporting period indicate a stable and healthy state of the American economy. On the other hand, the pace of economic growth in the United States doesn't allow us to expect an interest rate changes by the Federal Reserve.
 
The actual figures are pretty decent, Ian Shepherdson from Pantheon Macroeconomics assumes. But at the same time, the expert hopes that the current pace of earnings growth will remain at the same level. Most likely, the U.S. unemployment rate will keep going down in the near future, with a further increase in average earnings. Also, he says that that the current employment stats have no direct impact on the Fed's monetary policy. However, if the tendency persists, the Fed may dare make changes to its current monetary policy.
 
Some other experts also assume that the recent stats have been very positive for the American economy. They assume that the stats may even influence the views of those expecting an economic recession in the United States to make them hesitate about their forecasts. 
 
On the one hand, the actual unemployment rate takes the USA to the top of the world unemployment rankings. Still, we need to take into account several key factors. The thing is, the current unemployment rate reflects both the amount of working Americans and the amount of those Americans who aren't currently looking for a job. The latter aren't considered as the unemployed. At the same time, the figures reflecting the amount of Americans looking for a job only make it possible to put the United States in the middle of the global rankings. 
 
It's interesting to note that previously the Federal Reserve expressed their concerns regarding the amount of the actively productive population who don't fall under the term "labor force". This is explained by a number of reasons, with one of the key reasons being their health state because of drug abuse and some other reasons. 
 

Poor Economies See Increasing Unemployment Rate

 

In mid-February, the International Labor Organization released another report on the situation on the global labor market situation in 2018. It turned out that the 172 million people, or around 5% of the global labor force, were trying hard to get themselves a job but eventually failed. This information gives us an opportunity to make a number of interesting conclusions.The good news is that for the first time the unemployment rate dropped all the way down to the pre-crisis level. However, it took the market 9 years to recover. As you probably know, the unemployment rate increased up to 5,6% during the crisis years. The report says that the employment growth was mostly driven by rich economies. At the same time, poor economies saw higher unemployment. The tendency is expected to persist over the next few years.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

EU To Launch Anti-Crisis Fund

France and Germany, the economic leaders of the European Union, have promoted the idea to start a special fund to back the economic recovery after the crisis.
Publication date: 30 May 04:31 AM

Choosing Forex Brokers Wisely

Choosing the right forex broker to go with is a big challenge for most traders and investors out there. This challenge requires taking a lot of factors into account. Transaction expenses should be one of the key factors when making such a choice. They are crucial when it comes to trading, but when it comes to long-term investing, the safety of client funds almost matters a lot.

Publication date: 28 May 12:29 PM

Forex and Cryptocurrencies Forecasts. End of May 2020.

Right before the start of the last trading week of May, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is May 25th - 29th. So, this is what those predictions look like:
Publication date: 24 May 01:41 PM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Publication date: 25 April 11:54 AM

Bitcoin Grows. EOS May Lead The Market Thanks To Blockchain

Bitcoin gained a good momentum along with the rest of the cryptocurrency market after good news from China. However, EOS may become the locomotive of the movement.

Publication date: 22 April 01:54 AM

DNB's Open For CBDC

De Nederlandsche Bank (DNB), the central bank of the Netherlands, is reported to be open for the CBDC of the ECB. CBDC stands for central bank digital currency. This was officially backed by a 45-page report released on April 21st. With that being said, DNB is ready to play one of the key roles in adopting digital currencies by the global banking system.

Publication date: 22 April 12:47 AM

Bad Economic Figures From USA. Wall Street Reacts.

This time, we are dealing with a peculiar situation. In particular, now that we are facing truly bad figures, the market reaches to them not the way we expected. When it comes to fighting the COVID-19 pandemic, there's almost no positive progress. That's is why international investors are now trying to find some good news in the economic field. Can we actually see some improvements?

Publication date: 02 April 04:04 AM

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Binance and Cryptocurrency Exchange

These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.

Publication date: 29 March 11:24 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM