U.S Employment Report and Stock Markets
Acoording to a report from bloomberg it is clear that now the rate of diminishing in the u.s job payroll is now in a steady mode which means the economy is not so bad now and is going on the right track.According to the report payrolls were probably unchanged after falling every month starting in January 2008(Recession Period),well the economists at bloomberg calculated it. The unemployment rate may have held at 10 percent, near the 26-year high of 10.2 percent reached in October.
While according to the ADP report job losses in December fell to 84,000,and employment rose in the service sector.Which is the smallest in number if compared to the last 2 years.Well the main cut off was from the goods producing industries which was around 96000 positions while there were only 12000 new job offers.
European markets and the us jobs data.
Well the effect was seen on european markets due to this report from ADP as stock markets and Wall Street futures remained lower Wednesday after a survey reported bigger than expected job losses in the U.S. in December, just a couple days ahead of key government unemployment figures.
Get the report here
http://www.adpemploymentreport.com/pdf/FINAL_Report_December_09.pdf
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