Doug Carroll, USA TODAY
8:47a.m. EST January 4, 2013
The economy ended 2012 (click here) with 155,000 more jobs last month and a 7.8% unemployment rate.
That was unchanged from November's unemployment rate, which was revised up from 7.7% to 7.8%.
Ahead of today's Labor Department report, many economists had forecast the economy added 150,000 to 160,000 jobs overall in December. But job market data released Thursday raised the prospect of a positive surprise.
Payroll processor ADP on Thursday said its monthly survey found private employers added 215,000 jobs last month, far more than expected. And outplacement firm Challenger, Gray & Christmas said announced job cuts in December fell 43% from November to the second-lowest monthly total of the year....
All to frequently the USA jobs recovery is criticized for political fodder, but, the real facts are the global market place finds the USA economy and its recovery very attractive.
...Wall Street was expected (click here) to open slightly higher though, with S&P 500 futures up 0.1 percent and contracts for the Dow Jones and the Nasdaq 100 up 0.2 percent.
U.S. stocks will largely depend on the non-farm payrolls report due at 1330 GMT and any clues it gives on the health of the U.S. and global economies.
Analysts polled by Reuters expect a 150,000 rise in jobs, with unemployment holding steady at 7.7 percent. However, after a better-than-expected ADP employment report on Thursday, many may now be betting on an above-consensus jobs number.
"The Fed has made it clear that it will keep policy loose until unemployment drops to 6.5 percent or below, so strong jobs data will undoubtedly raise expectations of a more hawkish Fed,"analysts at Tradition brokerage said in a note.
From the same article:
By Marc Jones
London, Jan 4 (Reuters)
The global investment community like the USA economy so much along with its recovery, even the dollar has gained value in the face of every estimation it would loss value. Most Americans forget this was a "Global Great Recession." The USA is doing just fine and we are not losing interest or investors in it's bonds. The Dollar is okay.
MSCI is a global equities indices. (click here) They rank countries into three primary categories, Developed, Emerging and Frontier markets (click here).
IN CONTEXT rather than politically stranded, the USA economy as guided by President Obama is nothing short of genius.