Fading winter to lift U.S. payrolls, push down jobless rate
The U.S. economy may have the fastest speed work in four months in March it is transferred to a higher gear is being held by a brutal cold winter return.
Employers expect new in February 175000, increased the employment of 200000 new jobs last month, according to economists polled by Reuters. Unemployment may dip in one over ten percent, stranger's five-year lows reached 6.6% in January.
"It looks like the economy is in a very severe winter to accelerate the process," Robert dye, chief economist at Comerica said in Dallas.
The labor department will publish monthly employment books on Friday morning at 8:30 20:30 (Beijing time)
Unusually cold, snowy winter slammed the economy in late 2013 and early this year. Growth is mainly by the enterprise efforts to cut bloated inventories, benefits due to long-term unemployment and cuts to food stamps weaken further.
However, the data range from manufacturing and services activities of automobile sales have suggested that strength, in the economy in the first quarter on a daily basis.
Should go to hire in line with expectations, this will require a job growth back near, in 2013 through the first 11 months of 204000, monthly average economy close to restore lost position during the recession.
To speed up the recruitment may lead investors to put forward, from the federal reserve will move overnight interest rates close to zero. At present, the bet is around the middle of next year.
Fed President janet yellen argue that central Banks need to maintain loose monetary policy for a period of time to eliminate loose Labour market.
She points out that an unusually large number of long-term unemployed, who account for 37% of the 10.5 million have lost their jobs. Many other americans can find only part-time work or has given up looking for a job.
"Labour markets are moving in the right direction, but not to the fed thought it as soon as possible," Ryan sweet, the senior economist, says moody's Analytics in west Chester, Pennsylvania (analysis).
In the right direction
The private sector could account for all the desired job growth in March, expected fell by 5000 jobs the government employment.
In manufacturing employment eighth consecutive monthly increase. Factory employment growth, however, slow because the surge in November. But as the car sales greatly speed up in March, recruitment in the next few months back.
