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Saft Says: Good U.S. jobs report muddles ECB plans

Friday, August 03, 2012 - 01:32

Aug 3 - Reuters Columnist James Saft says the good U.S. jobs report actually slows ECB action on economy. Saft adds, U.S. is not on brink of recession but jobs market is healing really slowly.

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Murders columnist James. The job numbers are out and they are extremely interest. Things clear. They had gone ahead earlier this week -- extraordinary measures they would now look like it or. -- creation was much better than expected it was mixed employment went out. Our measure of unemployment 15% in both those numbers were better than me because labor force station. Will all. So it's really quite an XY. Party -- this makes things quite it will war is the European central. And you're that. You're almost certainly need some short of extraordinary. Monetary policy to help. And there's tensions in the ECD. Working out how best to -- that. You'd be a lot better premier and probably for the global economy we got something like coordinate. This is gonna make it a lot more political team or any time in the next six. That means the pressure's going to be surely back on ECB. -- -- -- And be in the US probably get more. Changed it skiing but it probably does -- -- US is not looking like immediately -- into session. But the job our -- -- -- on the air.

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Saft Says: Good U.S. jobs report muddles ECB plans

Friday, August 03, 2012 - 01:32