The US Unemployment rate has come down to 7%, a 5 year low after approximately 203,000 non-farm related jobs were added to the market. The 203,000 jobs has obliterated the prediction of 180,000. The US unemployment rate is performing well, after coming down to 7.3% in October, 7.1% in November, and now 7.0% in December. If steady rates as such continue, the US economy will come out with fantastic quarter end, and year end results. This will also get the dirty aftermath image of a bad US economy after the recent US government shutdown from peoples minds. As the US unemployment rate falls, the US GDP (Gross Domestic Product) has increased by a well rounded 3.6%. This once more means that the United States of America is gaining a grand image, after the government shutdown. All these statistics will without a doubt keep the US out of the jaws of recession, and hopefully drive the economy into many more years of prosperity and peace. These results have also caused the Stock and Forex markets to jump. An example off the top of my head would be the USD JPY price, jumping all of a sudden, here is an extract of the graph:
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| http://finance.yahoo.com/q/bc?s=USDJPY=X&t=5d&l=on&z=l&q=l&c= |
As seen, the exchange rate rose dramatically in one go from 101.6 to about 102.9, which is fabulous.
NASDAQ has also crawled up, and we hope to see many more prosperous results.
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| http://www.dailygalaxy.com/photos/uncategorized/2008/08/04/us_economy_2.jpg |
Source(s):
http://www.telegraph.co.uk/finance/economics/10500778/US-creates-203000-jobs-as-unemployment-rate-falls.html
http://www.bbc.co.uk/news/business-25264866
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