Jobless Rate Falls in the US
According to a note published by The Wall Street Journal and other sources the unemployment rate in the United States fell to its lowest level in the last 32 months. In November employers added 120,000 jobs, the Labor Department informed last Friday. Part of the decrease is due to people leaving the labor force, nevertheless the survey to calculate the employment levels also showed solid gains. The most relevant changes occurred in the hospitality and retail sectors, on the contrary manufacturing changed little. The jobless rate dropped fell from 9% in October to 8.6% this month, the lowest rate since March 2009. Some analysts believe that the positive change is a sign of economic recovery. The stocks on Wall Street opened higher thanks to the encouraging news and a renovated optimism regarding the solution to the European debt crisis. The economy normally needs to create 125,000 jobs monthly to keep the unemployment rate steady.
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Dec 5, 2011
SOURCE | DATE
zeenews.india.com -
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Private Equity -
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Euro crisis, unemployment, wall street,
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