90 seconds @ 9am : Value leaks away HD
American jobs growth rose at a solid clip in July and wages rose +2.1% pa, after a surprise stall in June, both signs of an improving economy. That opens the door wider to a Federal Reserve interest rate increase next month. Their unemployment rate is 5.8% (NZ is 5.7%) and their participation rate is 62.6% (NZ is 69.4%). But despite meeting their expectations, markets seemed unimpressed. Read the full story here : http://www.interest.co.nz/news/76980/us-jobs-grow-expected-china-exports-tumble-producer-prices-sink-further-russia-destroys
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