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US economy looks strongest since 2009

The US is enjoying its strongest run of economic data since the recovery began in 2009 and analysts expect it to continue with a solid rise of 230,000 in non-farm payrolls today.

It would be the seventh month in a row of jobs growth above 200,000 and, while sampling error means that any forecast can be a hostage to fortune, other data point to a strong underlying economy.

The consensus forecast is for a drop in the unemployment rate from 6.2 to 6.1 per cent but, after some robust data this week, analysts were pointing out risks to the upside.

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