Saxo Group Videos

Koefoed: Expect strong print for US job market

Saxo's Mads Koefoed expects another strong US jobs print of around 218,000. He says the poor March figure of 85,000 was a 'blip'.

Koefoed admits that the Q1 GDP figure was also disappointing, which reinforced the belief that the US economy was weakening. But he says it was a similar situation last year before economic activity picked up. He says there are already signs this is happening in 2015.

US unemployment is at its lowest in several years. For that reason, Mads says the Fed should have raised rates already, but the lack of inflation has prevented that. He expects a rise later this year, probably in September.

02:55 minutes
Tags: adp, adpdata, economic, economic data, economic growth, economic recovery, economics, economies, economy, economy macro, employment, employment rate, fed, fed chairman, fed meeting, federal, federal reserve, federal reserve rate hikes, federalreserve, fomc, fomc meeting, fomc minutes, fomc preview, fomcmeeting, fomcminutes, fomcstatement, gdp, gdp data, gdp estimate, gdp forecasts, gdp growth, gdpusd, initial jobless claims, initialjoblessclaims, interest, interest rate, interest rates, interestrates, ism, ism data, ism manufacturas, ism manufacturing, ismmanufacturing, jobs, jobs data, jobs figure, jobs growth, jobs market, jobs rate, non farm, non farm payrolls, non farms, non-farm, non-farm payrolls, non-farmpayrolls, non-farms, nonfarm, nonfarm payroll data, nonfarm payrolls, nonfarmpayroll, nonfarmpayrolls, nonfarms, rate, rate rise, rate rise 2015, rate rises, rates, rates decision, rates decisions, saxo, saxo bank, saxo tv, trading, tradingfloor, tradingfloor.com, unemployment, unemployment rate, united states, us, us economy, us job data, us job market, us job rate, us job report, us jobless rate, us jobs, us jobs data, us jobs figures, us jobs market, us jobs rate, us jobs reports, usa

Switch to