{"id":22234,"date":"2011-07-08T09:26:02","date_gmt":"2011-07-08T13:26:02","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14928"},"modified":"2011-07-08T09:26:02","modified_gmt":"2011-07-08T13:26:02","slug":"american-jobs-report-deals-devastating-blow","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/08\/american-jobs-report-deals-devastating-blow\/","title":{"rendered":"American Jobs Report Deals Devastating Blow"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The release of today\u2019s Non-Farm Payroll (NFP) data from the US Bureau of Labor Statistics dealt a devastating blow to optimistic hopes for global growth. While <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/07\/07\/adp-jobs-report-indicates-solid-growth-in-us-employment\/\">ADP\u2019s figure<\/a> yesterday revealed a sharp uptick in private sector employment, today\u2019s NFP report, coupled with an increase to the national unemployment rate to 9.2%, bodes ill for an economy struggling with its own structural deficits.<\/p>\n<p><span id=\"more-14928\"><\/span>The NFP employment data was only the latest in a string of bearish reports. While it revealed the American economy had added 18,000 jobs this past month, it was significantly lower than forecasts for an addition of 97,000 jobs. The news has driven many traders into a risk averse mentality, driving safe haven investments higher ahead of the weekend.<\/p>\n<p>President Barack Obama also commented this week that lawmakers in Congress still had not reached agreement for lifting the debt ceiling before the August 4 deadline. Growing concern that the US may default on its loans has done little to help the risk sensitive trading environment present in the market this summer.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The release of today\u2019s Non-Farm Payroll (NFP) data from the US Bureau of Labor Statistics dealt a devastating blow to optimistic hopes for global growth. While ADP\u2019s figure yesterday revealed a sharp uptick in private sector employment, today\u2019s &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22234","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22234"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22234\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}