Bulletin

US jobs data boost rate-rise odds

The US labour market recovery gained momentum last month as employers added more jobs than expected and wages rebounded. The dollar jumped against the euro on Friday after official figures showed that US employers added over 1 million jobs in the past three months alone – the most since 1997. Non-farm payrolls rose by 257,000 in January, exceeding analysts' expectations, and average hourly earnings increased by 12 cents after falling 5 cents the previous month. Torsten Slok, chief global economist at Deutsche Bank, said: 'The US economy is looking better and better.' The figures will have implications for the Federal Reserve; analysts believe the data could make a rate rise in June more likely.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?