The US economy has added 261,000 jobs

The newly created jobs in the world's largest economy amounted to 261,000 in October. At the same time, the unemployment rate fell again to 4.1%, according to data from the National Labor Office.
This is the lowest unemployment rate since December 2000.
However, the data proved to be slightly below average analysts' expectations. At the same time, employment figures for August were revised upwards from 169,000 to 208,000.
The September data also revised up to an increase of 18,000, compared with an initial decline of 33,000.
Analysts' average expectations were for 313,000 new jobs in October and unemployment rate at 4.2%.
October's pay growth is also disappointing. It turned out to be zero versus 2.4% in the previous month. This greatly reduces inflation expectations in the coming months as well as a December interest rate hike.

New jobs in the private sector in the US rose in November

A research by the company Automatic Data Processing Inc. (ADP) reported an increase of 216 000 jobs created by private businesses in the US in November with average forecasts of financial markets for an increase of about 165 000. At the same time it was announced some downward revision of data for October, according to which private sector of the US economy were revealed 119,000 jobs during a previous assessment of the ADP of 147 000.
Yesterday's stronger than expected data suggest a pretty good rate of improvement in the labor market, even though the US economy is getting closer to achieving the so-called "Full employment", analysts say.
The ADP report is unlikely to lead to a substantial revision of forecasts of financial markets for upcoming on Friday an official report on employment in November, they added.
According to ADP small US companies with employees between 1 and 49 already for the fifth consecutive month are not a major generator of employment in November, as they had opened 37,000 jobs, medium-sized companies, employing between 50 and 499 people, were hired extra 89 000 workers, while large companies, employing more than 500 people have launched 90,000 new jobs.
The service sector added in the eleventh month of this year 228,000 jobs, in the manufacturing sector were cut 10 000 jobs, only within the industrial enterprises were laid off 10,000 workers, while in construction the number of jobs had increased by 2000, shows the latest survey of ADP.
Let me recall, that ADP surveys pretty much show what to expect from NFP on Friday. If their results are close to the real data, we can expect serious rise in dollar after this week's NFP.

Unemployment in the European Union stabilized in July

Unemployment in the 28 countries - members of the European Union stabilized in July for the third consecutive month, to a 7-year low of 8.6 percent.
EU unemployment rate in July remained at the level from June - 8.6% and below the level of 9.4% a year earlier. Thus European unemployment remains for the third consecutive month at its lowest level since March 2009, according to Eurostat.
According to European statistics, a total of 21.063 million Europeans were unemployed in July, compared to June is a marked decrease of the unemployed in the EU with 29 000 and 1.688 billion compared to July 2015.
The lowest unemployment rate in July was registered in Malta (3.9%), followed by the Czech Republic (4.2%) and Germany (4.2%), while the highest was unemployment in Greece (23.5%) and Spain (19.6%).
In July, a total of 4.276 million young people aged under 25 were unemployed in the EU, this represents a decrease in youth unemployment by 310,000 compared to July 2015.

Jobless claims in the US fell to 261,000, the cuts are scarce

The number of Americans who have filed claims for unemployment benefits last week fell by 1,000 to 261,000, and remained near lows after the recession, indicating that the labor market is healthy and less people lose their jobs.
Economists had forecast jobless claims to total 264,000 in the week from August 14 to August 20.
The average number of new claims for unemployment fell last month by 1250 to 264,000, said the Labor Department on Thursday. Less reluctant average value for four weeks is seen as a more accurate measure of trends in the labor market.
The number of people, filing for benefits in weekly basis, reached 27 year high of 665,000 at the end of the Great Recession in 2009, before starting their long descent. Benefits fell below the key level of 300,000 in early 2015 and stayed there for 77 consecutive weeks, the longest run since 1970.
Continuing jobless claims, meanwhile, fell by 30,000 to 2.15 million in the week, ended August 13. These clims have been reported with a lag of one week and they reflect people, who already are receiving unemployment checks.

Jobless claims in the US jumped

The number of Americans who have submitted requests for unemployment benefits in early May rose for the third consecutive week to 294,000, reaching a fourteen months peak and adding new evidence that the labor market in the US might weaken.
General jobless claims were at a rate of 274,000 in the previous week.
The average value of new orders in the last four weeks also rose by 10,250 to 268,250, said the Labor Department on Thursday. Data are seasonally adjusted.
Only a month earlier, initial claims for unemployment benefits have fallen to 43-year lows. But lowering corporate profits, exports decreased.
In April in the US were created only 160,000 new jobs, noting his youngest progress since last autumn. Other indicators of the labor market also suggest delaying hiring.