J.P. Morgan Asset Management - The Weekly Brief

16.07.2018 10:25 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die neuesten US-Arbeitsmarktstatistiken fielen sowohl für die Unternehmen als auch für die Arbeitnehmer

positiv aus. Ein Anstieg der Erwerbsquote führte dazu, dass die Unternehmen für Neueinstellungen auf

einen etwas grösseren Personenkreis zurückgreifen konnten. Das trug dazu bei, dass die Unternehmen das

beschleunigte Lohnwachstum dämpfen konnten. Allerdings nimmt die Zuversicht bei den Arbeitnehmern

zu, dass sie ihre Anstellung kündigen und eine neue Stelle finden können. Das wird bei der

Kündigungsquote in den USA deutlich, also dem Verhältnis zwischen denjenigen, die ihr Arbeitsverhältnis

freiwillig beendet haben und den weiterhin Beschäftigten. Die Quote hat im Konjunkturzyklus unlängst

einen neuen Höchststand erreicht. Da die Arbeitnehmer optimistischer werden, neue und besser bezahlte

Arbeitsstellen zu finden, sollte das Lohnwachstum in den USA und damit auch die Inflation allmählich

steigen. Aufgrund dessen dürfte die Fed an ihrem Kurs festhalten, die Zinsen im nächsten Jahr um 25

Basispunkte pro Quartal zu erhöhen

JPMAM_The Weekly Brief_16.07.2018.pdf

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