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Global markets: US private employers hire at a slower rate

By Commodity News Service Canada

WINNIPEG, October 5 – The following is a glance at the news moving markets globally.

US PRIVATE EMPLOYMENT BELOW MONTH-AGO NUMBERS
The US private employment sector added 154,000 jobs in September, according to reports out of the country.

August’s private employment numbers were revised down to 175,000, compared with a previously estimated 177,000.

However, the country’s unemployment rate is expected to hold steady at an estimated 4.9 per cent, analysts say.

US TRADE DEFICIT WIDENS
In August, the US trade gap widened by three per cent to US$40.73 billion, data from the country says.

Imports were at their highest level in almost a year.

CANADIAN EXPORTS UP
Canada’s exports increased 0.6 per cent to C$43.4 billion in August. Exports volumes rose 0.4 per cent and prices edged up 0.2 per cent. Imports were largely unchanged at C$45.3 billion in August, as a 0.8 per cent increase in volumes was offset by a 0.7 per cent decrease in prices. Consequently, Canada’s merchandise trade deficit with the world narrowed from C$2.2 billion in July to C$1.9 billion in August, Statistics Canada said in a report on Wednesday.

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