Nigel Gault, Chief US Economist at IHS Global Insight & Richard Ross of Auerback Grayson shared their view on all this unemployment data in an interview with CNBC-TV18‘s Menaka Doshi.
The US labour market received a huge boost after a strong US jobs report stated that employers had added 200,000 jobs in December. Nigel Gault of HIS Global Insight breaks down the US Labor Department's report for CNBC-TV18's viewers.
New US claims for unemployment benefits rose higher than expected last week, but the healing trend in the jobs market remains intact. Nigel Gault, chief US economist at IHS Global Insight says the key focus is how all this improved hiring will look in the coming months.
The US Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained, inflationary oil price spike.