New York (dpa-AFX)-A better than expected unusual labor market report burdened the courses of US state bonds on Thursday. The edit of the appointment for ten-year papers (T-Note-Future) fell 0.28 percent to 111.31 points. In return, the ten -year bond return rose to 4.33 percent.
In the United States, the number of employees increased more than expected, and the unemployment rate was decreased more clearly than was expected from economists. Only the wage development remained behind the expectations.
According to economists, the report also shows weaknesses. According to Commerzbank economist Christoph Balz, the report shows that the economy has lost momentum. “It is important that the private sector has only created 74,000 jobs.” The number of jobs and employment is stagnating in economic activity -sensitive sectors such as industry and company -related services. According to the statistics, new bodies have been created, especially in the education system of the states and local regional authorities.
The somewhat improved mood in the United States service sector hardly moved the market. The shopping manager index of the Institute for Supply Management (ISM) again signals slightly economic growth. “The level is not yet particularly high in a historical comparison, but the economic worries should be smaller after the labor market report also surprised positively,” commented Ulrich Wortberg, economist at Helaba. “Speculations on falling key interest rates are steamed with the numbers.”/JSL/JHA/