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Brent Oil jumps after OPEC+ decision


Although the forecast for this month was 325K - lower than the previous month - it still represented a solid gain when everyone was talking about a slowdown and even an economic recession. This figure shows that this pessimism is unfounded and that it is wrong to forecast a slowdown in the economy, considering the financial data that is being published. Since January 2020, just before the pandemic hit, the number of jobs gained has nearly erased the number of jobs lost. The unemployment rate remained stable at 3.6% (3.5% expected). The engagement rate increased, as well as average hourly earnings, to 0.3%, short of the 0.4% mark. Year-over-year unemployment rate came out as expected at 5.2% (vs. 5.5% last month).

Source: https://capex.com/en/overview/us-job-report-supports-the-ongoing-monetary-tightening
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