US non farm payroll data may decide fate of QE3: Mecklai
Mecklai graph of the day: The US Non farm payroll data scheduled to be released today has become a key watch factor for entire global markets. The numbers printed at this data point would decide the necessity for QE3.
September 07, 2012 / 18:00 IST
Mecklai graph of the day: US non farm employment change
The US Non farm payroll data scheduled to be released today has become a key watch factor for entire global markets. The numbers printed at this data point would decide the necessity for QE3. This makes it a vital release.In accordance with the conjecture 123,000 jobs would have been created in the month of August. Thereby a print below 100,000 would impose the addition of stimulus in order to promote growth factors whereas a print above 200,000 would justify that signs of growth have been picking up which could deny the possibility of QE3.The below weekly graph of the day exhibits the US Non Farm Payroll data
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