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16 Jul 2013
Flash: US Labour market improving - BBH
FXstreet.com (London) - Marc Chandler Global Head of Currency Strategy at BBH said the US labour market has gradually improved.
Leaving aside the unemployment rate, which is really more about the participation rate, the US economy has generated roughly 4.5 mln jobs over the past two years. The point is not about the strength in absolute terms, but relative to Europe. The housing market in the US has also improved, with Case-Shiller house price index rising at its strongest pace since mid-2006. These two consideration help underpin demand for durable goods.
Leaving aside the unemployment rate, which is really more about the participation rate, the US economy has generated roughly 4.5 mln jobs over the past two years. The point is not about the strength in absolute terms, but relative to Europe. The housing market in the US has also improved, with Case-Shiller house price index rising at its strongest pace since mid-2006. These two consideration help underpin demand for durable goods.