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Private sector jobs in the United States rose at a slow pace during November 2017

2018-12-06 01:44 pm | Resource: News | No Views : 39



 Data from ADB and Moody's Analytics showed that companies rose jobs in the US at a slow pace last month. The data showed the addition of the US private sector 179 thousand jobs in November compared to expectations of adding 195 thousand jobs,

As well as a rise of 225,000 jobs in October. The addition of jobs focused on mid-sized businesses - with 50 to 499 employees - as well as service companies.

ADP data comes ahead of the monthly payroll report as analysts expect the US economy to add 195,000 jobs and stabilize unemployment at 3.7% last month.

Private sector layoffs in the US are up 28% yoy

Separately, US employers had planned a 53,073 job cut last month, 30 percent less than in October, according to data compiled by Challenger, Gray and Christmas.

The number of jobs announced so far this year was 494,775, or 28 percent, above the level of the same period in 2017, according to the report published on Thursday. Rosy vouchers were prepared for 51.5% of people in November from 12 months earlier.

General Motors announced a large part of the layoffs, with 14,000 jobs announced, and authors warned that companies continue to "adapt to changing consumer behavior," citing Verizon, Wells Fargo and Toys "R" Us. The external consulting firm was unable to obtain a US assessment of the Toshiba and Bayer strategies. He added that "the upward trend ... may lead to a decline" although the labor market "strong at the moment."

Retail chains dominated the downsizing, announcing a total of 96450 orders and 697,060 jobs. There have been 1,002,449 employment announcements so far this year, 714,000 of them are seasonal. In 2017, the total was 1,100,654 and 614,129, respectively.


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OIL Technical analysis 14 December 2018

Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil is still facing resistance and selling pressure around levels of 52.66 - 54.54. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators. Therefore, we expect that the oil will test the level of 50.00 dollar, which by breaking it down will target the…

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