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Due to its timeliness, accuracy and importance within the broader economy, the employment situation report often referred to as the non-farm payrolls release is a closely monitored indicator.
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As well as a leading indicator of consumer spending, non-farm payrolls represent a measure of new
payrolls added by
private and
government organisations across the United States (US), reported each month by the Bureau of Labour Statistics (BLS)
Two comprehensive reports are used to cover the unemployment rate (the household survey) and the headline non-farm payrolls (the establishment survey). In most cases, the non-farm payrolls release attracts the majority of the attention, often vibrating through financial markets. A positive number reveals additional jobs were added to the economy, while a negative number, displayed as -100k or -90k, means jobs were lost in non-farm business.
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Before pulling your money out, though, I would advise investors double-check what’s in the fund. During this period, we’ve managed to outperform many of our peers thanks to a substantial rotation into metals and minerals that will increasingly be needed in advanced technology, including lithium-ion batteries. Besides lithium, we like copper, nickel, cobalt and graphite, and we see great upside potential in companies that not only produce these minerals but also develop the technology behind the batteries.
Further down, I’ll be sharing one of these companies with you and how it’s helped us outperform during the gold correction.
PETALING JAYA: Bank Negara is unlikely to cut the overnight policy rate (OPR) at its monetary policy committee (MPC) meeting today amid cautious optimism that an economic recovery is already taking hold in Malaysia, according to most economists.
The majority of them expect the central bank to keep the OPR – which is the rate on which commercial banks based their deposit and lending rates – unchanged at 1.75% for now, as further easing of movement restrictions, amid the declining number of new Covid-19 cases and the recently launched vaccination programme, has helped improve the outlook for the economy.
Alliance Bank chief economist Manokaran Mottain told StarBiz that while Malaysia’s gross domestic product (GDP) would likely remain in negative territory in the first quarter of this year, Bank Negara would not resort to cutting the benchmark interest rate for the time being to support the economy.
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By Mike Brezonick04 March 2021 Improvements in infrastructure such as highways and bridges should be an early focus for the incoming administration and Congress, according to AEM.
AEM’s State of the Industry briefing covers COVID, the economy and the hopes for a serious infrastructure program.