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31 Dec 2014
US labor market gaining momentum heading into 2015 – Nomura
FXStreet (Barcelona) - The Nomura Team explains that the increase in labor differential from -12.5 to -10.6 signals that the US labor market is gaining strong momentum heading into 2015.
Key Quotes
“Consumer confidence increased to 92.6 in December from a revised 91.0 (previously reported as 88.7) in November. With the upward revision to November‟s headline figure, the index has remained above 90 in the last quarter of 2014.”
“Most of the gains were led by an uptick in the present situation index, which moved to 98.6 from 93.7, while the expectations index softened to 88.5 from 89.3.”
“The labor differential (percent of respondents stating jobs are plentiful less respondents stating jobs are hard to get) increased to -10.6 from -12.5, a good sign that the labor market is gaining solid momentum heading into 2015.”
“Also, consumers were relatively more positive about business conditions than last month and fewer consumers expect a decrease in income in coming months. Taken together, points to a consumer base poised to spend.”
Key Quotes
“Consumer confidence increased to 92.6 in December from a revised 91.0 (previously reported as 88.7) in November. With the upward revision to November‟s headline figure, the index has remained above 90 in the last quarter of 2014.”
“Most of the gains were led by an uptick in the present situation index, which moved to 98.6 from 93.7, while the expectations index softened to 88.5 from 89.3.”
“The labor differential (percent of respondents stating jobs are plentiful less respondents stating jobs are hard to get) increased to -10.6 from -12.5, a good sign that the labor market is gaining solid momentum heading into 2015.”
“Also, consumers were relatively more positive about business conditions than last month and fewer consumers expect a decrease in income in coming months. Taken together, points to a consumer base poised to spend.”