United States job growth accelerated in August and wages reached their largest annual increase in more than nine years.
“The economy is on an adrenalin rush,” says Ryan Sweet, senior economist at Moody’s Analytics in West Chester, Pennsylvania. “Given the amount of fiscal stimulus that the economy is benefiting from, it’s going to take a lot to get it off that high.”
Economists had forecast nonfarm payrolls increasing by 191,000 jobs last month and the unemployment rate falling to 3.8%. Now, analysts say the administration’s $1.5 trillion tax cut package and increased government spending were protecting the economy from the trade tensions.
Analysts also note that the import duties implemented so far have affected only a small portion of the American economy. The United States and China have slapped retaliatory tariffs on a combined $100 billions of products since early July.Trade now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
73% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.