Dow on january 5 2017 full#
Dow on january 5 2017 series#

In the final set of jobs figures for the Obama administration, DecemberвЂ™s job creation missed economists forecasts, with 156,000 new jobs added rather than the expected 178,000.

Dow on january 5 2017 series#

The news of the strongest wage growth since 2009 also raised expectations that the president-electвЂ™s first year in office will be accompanied by a series of interest rate rises from the US central bank. The US economy added more than 2m jobs in 2016 and finished the year with a pick-up in wages, suggesting Donald Trump will inherit a solid labour market from outgoing president Barack Obama. HereвЂ™s our story on the US jobs market, from Katie Allen: Though next week is even blander data-wise, a string of post-Christmas statements from the FTSEвЂ™s key supermarkets and retailers, and a dose of financial earnings from the US on Friday, could cause a bit more excitement. Bar that initially 7200-grazing flurry for the FTSE itвЂ™s been a painfully dull week, with investors seemingly reluctant to get on board with the all-time high-flirting indices, but content enough to let those same indices loiter just below a series of landmark levels.

So thatвЂ™s almost it for the first week of 2017. The eurozone, meanwhile, was a dead-zone, with the DAX and CAC barely managing a 0.1% rise between them. though it wasnвЂ™t enough for the index to match the intraday peak struck during ThursdayвЂ™s trading. The weakened pound (it also dropped 0.5% against the euro) caused the FTSE to ease over the 7200 line. This helped suppress investorsвЂ™ appetite for the Dow Jones, which merely sat flat at 19900 after the bell.

It just wasnвЂ™t good enough to secure a market-wide rise, the dollar instead being the only major beneficiary, rising 0.8% against the Japanese yen, 0.7% against the pound and 0.3% against the euro. It wasnвЂ™t a particularly bad jobs report. Connor Campbell, financial analyst at Spreadex, said: So far the US jobs numbers have failed to put much of a spark in markets, albeit the Dow Jones Industrial Average is now just about in positive territory and the FTSE 100 has edged higher and could well see another record close.

Dow on january 5 2017 full#

Donald Trump arrives in the White House with the jobless rate at 4.7%, less than half that of the eurozone, and reasonably close to what the Federal Reserve considers to be full employment. If the comparison is with other developed countries, the US does better, at least in terms of job creation and unemployment. Only three presidents since 1945 вЂ“ the two George Bushes and Dwight Eisenhower вЂ“ have a worse record. The number of employed people increased on average by around 1% a year over his two terms. So how does ObamaвЂ™s record stack up? The answer is that it depends on what is measured and what it is measured against.Д«y the standards of his predecessors in the White House during the seven decades since the end of the second world war, ObamaвЂ™s record is distinctly modest. Since then, jobs have been created every month. The full Grapes of Wrath nightmare was avoided, but the economy lost jobs in every month of 2009 and didnвЂ™t start to recover until February 2010.

Lehman Brothers had gone bust six weeks before the November 2008 presidential election and the Federal Reserve had taken emergency action to stimulate growth as fears grew that the clock was about to be turned back to the 1930s. The worldвЂ™s biggest economy was in freefall when he arrived in the White House in early 2009. In ObamaвЂ™s defence, he was left the worse possible legacy. Job creation in December was not bad at 156,000, simply a bit mediocre. The last jobs report of Barack ObamaвЂ™s presidency has been published and the figures encapsulate his eight-year presidency. And here is our economics editor Larry Elliott on Barack ObamaвЂ™s final jobs data: