WASHINGTON, DC - MAY 7: Federal Reserve Bank Chairwoman Janet Yellen testifies to the Joint Economic Committee during a hearing entitled 'The Economic Outlook,' on Capitol Hill, May 7, 2014 in Washington, DC. Yellen said that the economy is on track for solid growth this quarter but remains concerned about the housing sector. Drew Angerer/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
GOOD news on the jobs front is even better news for investors in risk assets as it does little to move markets away from the Janet Yellen sweet spot.
US non-farm payrolls increased by 288,000 last month, topping the 200,000 level for five straight months for the first time since the go-go late 1990s. Unemployment fell to 6.1%, its lowest since September 2008, the month the collapse of Lehman Brothers rang the opening bell for the financial crisis.
Limited time offer:
Just RM5 per month.
